The world bank’s prospects group has constructed a global database of inflation. Trading economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news.
Tighter monetary policy and falling energy prices are. In 2024, global inflation is projected to decline to 5.8%, down from a 6.8% estimated annual average in 2023.
Zimbabwe Follows With An Inflation Rate Of 172.2%, While Argentina Has A Rate Of 98.6%.
World inflation rate for 2022 was 7.97%, a 4.5% increase from 2021.
World Inflation Rate For 2021 Was 3.47%, A 1.53% Increase From 2020.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.
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Inflation Rate In Europe In March.
In 2024, global inflation is projected to decline to 5.8%, down from a 6.8% estimated annual average in 2023.
Countries Experiencing Conflict, Upheaval Or Major Economic Problems In 2022 Are Expected To See Inflation Rates Far Above The Global Average Of 8.8 Percent.
Comparatively high food and energy prices are the main reasons for this increase, but even when excluding these two especially volatile segments, inflation sat at 6.5 percent, considerably higher.