Inflation Rate by Country

Compare annual CPI inflation rates by country or region (%). Can go negative (deflation). Tracks consumer purchasing power changes since 1960. Source: World Bank.

Highest inflation rate · % per year · Source: World Bank Open Data · View maps & charts →

Year2023

176 countries · 2023

#	Country / Region	% per year▼
1	LebanonLBN	221.3%
2	ArgentinaARG	133.5%
3	TurkiyeTUR	53.9%
4	SurinameSUR	51.6%
5	Sierra LeoneSLE	47.6%
6	Iran, Islamic Rep.IRN	44.6%
7	GhanaGHA	38.1%
8	HaitiHTI	36.8%
9	Egypt, Arab Rep.EGY	33.9%
10	Lao PDRLAO	31.2%
11	PakistanPAK	30.8%
12	EthiopiaETH	30.2%
13	MalawiMWI	28.8%
14	BurundiBDI	26.9%
15	NigeriaNGA	24.7%
16	Sao Tome and PrincipeSTP	21.3%
17	RwandaRWA	19.8%
18	HungaryHUN	17.1%
19	Gambia, TheGMB	17.0%
20	Sri LankaLKA	16.5%
21	KazakhstanKAZ	14.7%
22	AngolaAGO	13.6%
23	MoldovaMDA	13.4%
24	UkraineUKR	12.8%
25	PalauPLW	12.8%
26	SerbiaSRB	12.4%
27	ColombiaCOL	11.7%
28	PolandPOL	11.5%
29	VanuatuVUT	11.2%
30	ZambiaZMB	10.9%
31	ChadTCD	10.8%
32	Kyrgyz RepublicKGZ	10.8%
33	CzechiaCZE	10.7%
34	Slovak RepublicSVK	10.5%
35	RomaniaROU	10.4%
36	MongoliaMNG	10.3%
37	LiberiaLBR	10.1%
38	UzbekistanUZB	10.0%
39	BangladeshBGD	9.9%
40	MadagascarMDG	9.9%
41	BarbadosBRB	9.8%
42	BulgariaBGR	9.4%
43	North MacedoniaMKD	9.4%
44	TunisiaTUN	9.3%
45	AlgeriaDZA	9.3%
46	KiribatiKIR	9.3%
47	EstoniaEST	9.2%
48	LithuaniaLTU	9.1%
49	LatviaLVA	8.9%
50	AzerbaijanAZE	8.8%
51	IcelandISL	8.7%
52	MontenegroMNE	8.6%
53	SwedenSWE	8.5%
54	ThailandTHA	8.5%
55	Timor-LesteTLS	8.4%
56	NicaraguaNIC	8.4%
57	ComorosCOM	8.4%
58	CroatiaHRV	7.9%
59	SamoaWSM	7.9%
60	AustriaAUT	7.8%
61	GuineaGIN	7.8%
62	KenyaKEN	7.7%
63	ChileCHL	7.6%
64	SloveniaSVN	7.4%
65	CameroonCMR	7.4%
66	MozambiqueMOZ	7.1%
67	NepalNPL	7.1%
68	Guinea-BissauGNB	7.1%
69	MauritiusMUS	7.1%
70	United KingdomGBR	6.8%
71	HondurasHND	6.7%
72	JamaicaJAM	6.5%
73	PeruPER	6.5%
74	TongaTON	6.4%
75	LesothoLSO	6.3%
76	IrelandIRL	6.3%
77	FinlandFIN	6.3%
78	GuatemalaGTM	6.2%
79	Bosnia and HerzegovinaBIH	6.1%
80	MoroccoMAR	6.1%
81	South AfricaZAF	6.1%
82	PhilippinesPHL	6.0%
83	GermanyDEU	5.9%
84	SenegalSEN	5.9%
85	San MarinoSMR	5.9%
86	Solomon IslandsSLB	5.9%
87	NamibiaNAM	5.9%
88	West Bank and GazaPSE	5.9%
89	UruguayURY	5.9%
90	Russian FederationRUS	5.9%
91	New ZealandNZL	5.7%
92	IndiaIND	5.6%
93	ItalyITA	5.6%
94	AustraliaAUS	5.6%
95	MexicoMEX	5.5%
96	NorwayNOR	5.5%
97	TogoTGO	5.5%
98	UgandaUGA	5.4%
99	MaltaMLT	5.1%
100	DominicaDMA	5.1%
101	BotswanaBWA	5.1%
102	Antigua and BarbudaATG	5.1%
103	BelarusBLR	5.0%
104	MauritaniaMRT	5.0%
105	KosovoXKX	4.9%
106	FranceFRA	4.9%
107	SingaporeSGP	4.8%
108	Dominican RepublicDOM	4.8%
109	AlbaniaALB	4.8%
110	ParaguayPRY	4.6%
111	Trinidad and TobagoTTO	4.6%
112	BrazilBRA	4.6%
113	St. Vincent and the GrenadinesVCT	4.6%
114	BelizeBLZ	4.4%
115	Cote d'IvoireCIV	4.4%
116	IraqIRQ	4.4%
117	PortugalPRT	4.3%
118	Congo, Rep.COG	4.3%
119	BhutanBTN	4.2%
120	IsraelISR	4.2%
121	United StatesUSA	4.1%
122	St. LuciaLCA	4.1%
123	BelgiumBEL	4.0%
124	El SalvadorSLV	4.0%
125	CanadaCAN	3.9%
126	NetherlandsNLD	3.8%
127	TanzaniaTZA	3.8%
128	LuxembourgLUX	3.7%
129	Cabo VerdeCPV	3.7%
130	NigerNER	3.7%
131	IndonesiaIDN	3.7%
132	KuwaitKWT	3.6%
133	GabonGAB	3.6%
134	Korea, Rep.KOR	3.6%
135	St. Kitts and NevisKNA	3.6%
136	CyprusCYP	3.5%
137	SpainESP	3.5%
138	GreeceGRC	3.5%
139	DenmarkDNK	3.3%
140	JapanJPN	3.3%
141	Viet NamVNM	3.3%
142	Bahamas, TheBHS	3.1%
143	QatarQAT	3.0%
144	Central African RepublicCAF	3.0%
145	MaldivesMDV	2.9%
146	Equatorial GuineaGNQ	2.9%
147	GuyanaGUY	2.8%
148	BeninBEN	2.7%
149	GrenadaGRD	2.7%
150	BoliviaBOL	2.6%
151	MalaysiaMYS	2.5%
152	GeorgiaGEO	2.5%
153	South SudanSSD	2.4%
154	LibyaLBY	2.4%
155	FijiFJI	2.3%
156	Saudi ArabiaSAU	2.3%
157	Papua New GuineaPNG	2.3%
158	EcuadorECU	2.2%
159	SwitzerlandCHE	2.1%
160	CambodiaKHM	2.1%
161	Hong Kong SAR, ChinaHKG	2.1%
162	JordanJOR	2.1%
163	MaliMLI	2.1%
164	ArmeniaARM	2.0%
165	United Arab EmiratesARE	1.6%
166	DjiboutiDJI	1.5%
167	PanamaPAN	1.5%
168	OmanOMN	1.0%
169	Burkina FasoBFA	0.7%
170	Costa RicaCRI	0.5%
171	Macao SAR, ChinaMAC	0.5%
172	Brunei DarussalamBRN	0.4%
173	ChinaCHN	0.2%
174	BahrainBHR	0.1%
175	SeychellesSYC	-1.0%
176	AfghanistanAFG	-4.6%

2023 · Source: World Bank Open Data · View interactive charts →

Key facts · Inflation Rate · 2023

›In 2023, Lebanon leads all 176 ranked nations in inflation rate, recording 221.3% — followed by Argentina (133.5%) and Turkiye (53.9%).
›The ranking spans from 221.3% (Lebanon) to -4.6% (Afghanistan), reflecting wide variation across nations.
›The median country scores 5.9%, highlighting the divide between global leaders and the typical nation's inflation rate in 2023.
›The five leading nations — Lebanon, Argentina, Turkiye, Suriname and Sierra Leone — dominate the global inflation rate ranking in 2023.
›176 countries and territories reported inflation rate data for 2023. Use the year slider to explore how rankings have shifted over time, or visit the Inflation Rate indicator page for interactive world maps and historical trend charts.

Explore more: Inflation Rate world map & time series · All global rankings