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Inflation rate (consumer prices): developed countries 1% to 4% typically; developing countries 5% to 20% typically; national inflation rates vary widely in individual cases, from declining prices in Japan to hyperinflation in one Third World country (Zimbabwe); inflation rates have declined for most countries for the last several years, held in check by increasing international competition from several low wage countries Definition: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices. Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of September 17, 2009 See Also |
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