Inflation rate (consumer prices): world average: 4.6% (2016 est.) 0.9% (2016 est.)
developed countries: 0.9% (2016 est.) 0.2% (2015 est.)
developing countries: 6.6% (2016 est.) 4% (2015 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 furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
Source: CIA World Factbook - This page was last updated on January 20, 2018See Also