5 Countries With Lowest Inflation Rates In The World

2. Brunei Darussalam

Latest Inflation Estimate: 0.2%

Brunei Darussalam is a Southeast Asian country. It is one of the smallest countries in the world in terms of both its population and its area. Brunei has an $18.4 billion economy and a high GDP per capita of $42,939. Its month over month inflation fell by 0.5% in May 2023 but food inflation remained quite high at 2.8% when compared to the overall inflation rate of 0.2%. Brunei relies heavily on exporting oil and related products for its foreign exchange, lending the economy a degree of stability.