Inflation rate (consumer prices): 6.4% (2017 est.)
3.7% (2016 est.)
developed countries: 1.9% (2017 est.) 0.9% (2016 est.)
developing countries: 8.8% (2017 est.) 3.7% (2016 est.)
note: the above estimates are weighted averages; inflation in developed countries is 0% to 4% typically, in developing countries, 4% to 10% typically; national inflation rates vary widely in individual cases; inflation rates have declined for most countries for the last several years, held in check by increasing international competition from several low wage countries and by soft demand due to the world financial crisis
Definition: This entry provides the annual inflation rate, as calculated by the percent change in current consumer prices from the previous year's consumer prices.
Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021See Also