![Inflation Rates by Country: Complete 2023 Data](https://imonkey-blog.imgix.net/blog/wp-content/uploads/2024/08/25104640/Screenshot-2024-08-23-170327.png?auto=fortmat&fit=clip&expires=1756166400&width=480&height=220)
Inflation Rates by Country: Complete 2023 Data
Index Methodology
To compile this index, we consulted the 2023 inflation database by the International Monetary Fund. For countries with missing values, we sourced the data from the World Bank inflation database. We consulted official government reports for countries that did not have an updated value for 2023 for their inflation rates.
Sources:
- The International Monetary Fund (IMF)
- The World Bank
- Countries’ Government Reports
The table below presents 212 countries and territories in ascending order of their Consumer Price Index as of 2023.
Rank | Country | Consumer Price Index (2023) |
---|---|---|
1 | Afghanistan | -3.1 |
2 | Turkmenistan | -1.7 |
3 | Yemen | -1.2 |
4 | Seychelles | -1 |
5 | Bahrain | 0.1 |
6 | China | 0.2 |
7 | Brunei Darussalam | 0.4 |
8 | Costa Rica | 0.5 |
9 | Burkina Faso | 0.9 |
10 | Macao SAR | 0.9 |
11 | Oman | 0.9 |
12 | Thailand | 1.2 |
13 | French Polynesia | 1.3 |
14 | Panama | 1.5 |
15 | Sint Maarten | 1.6 |
16 | United Arab Emirates | 1.6 |
17 | Djibouti | 1.8 |
18 | Armenia | 2 |
19 | Cambodia | 2.1 |
20 | Hong Kong SAR | 2.1 |
21 | Liechtenstein | 2.1 |
22 | Mali | 2.1 |
23 | Switzerland | 2.1 |
24 | Ecuador | 2.2 |
25 | Jordan | 2.2 |
26 | Belgium | 2.3 |
27 | Fiji | 2.3 |
28 | Papua New Guinea | 2.3 |
29 | Saudi Arabia | 2.3 |
30 | Equatorial Guinea | 2.5 |
31 | Georgia | 2.5 |
32 | Malaysia | 2.5 |
33 | Taiwan Province of China | 2.5 |
34 | Bolivia | 2.6 |
35 | Maldives | 2.6 |
36 | Chad | 2.7 |
37 | Greenland | 2.7 |
38 | Benin | 2.8 |
39 | Puerto Rico | 2.8 |
40 | Luxembourg | 2.9 |
41 | Grenada | 3 |
42 | Bahamas | 3.1 |
43 | Cabo Verde | 3.1 |
44 | Qatar | 3.1 |
45 | Central African Republic | 3.2 |
46 | Japan | 3.3 |
47 | Vietnam | 3.3 |
48 | Aruba | 3.4 |
49 | Denmark | 3.4 |
50 | Libya | 3.4 |
51 | Spain | 3.4 |
52 | British Virgin Islands | 3.5 |
53 | Curacao | 3.5 |
54 | Dominica | 3.5 |
55 | Gabon | 3.6 |
56 | South Korea | 3.6 |
57 | Kuwait | 3.6 |
58 | Saint Kitts and Nevis | 3.6 |
59 | Indonesia | 3.7 |
60 | Niger | 3.7 |
61 | Saint Lucia | 3.7 |
62 | Tajikistan | 3.7 |
63 | Bermuda | 3.8 |
64 | Cayman Islands | 3.8 |
65 | Canada | 3.9 |
66 | Cyprus | 3.9 |
67 | El Salvador | 4 |
68 | Tanzania | 4 |
69 | Netherlands | 4.1 |
70 | United States | 4.1 |
71 | Greece | 4.2 |
72 | Israel | 4.2 |
73 | Finland | 4.3 |
74 | Northern Mariana Islands | 4.3 |
75 | Belize | 4.4 |
76 | Côte d'Ivoire | 4.4 |
77 | Iraq | 4.4 |
78 | Republic of Congo | 4.5 |
79 | Gibraltar | 4.5 |
80 | Guyana | 4.5 |
81 | Solomon Islands | 4.5 |
82 | Bhutan | 4.6 |
83 | Brazil | 4.6 |
84 | Paraguay | 4.6 |
85 | Saint Vincent and the Grenadines | 4.6 |
86 | Trinidad and Tobago | 4.6 |
87 | Albania | 4.8 |
88 | Dominican Republic | 4.8 |
89 | Singapore | 4.8 |
90 | Eswatini | 4.9 |
91 | Mauritania | 4.9 |
92 | Barbados | 5 |
93 | Belarus | 5 |
94 | Antigua and Barbuda | 5.1 |
95 | Botswana | 5.1 |
96 | Togo | 5.1 |
97 | Ireland | 5.2 |
98 | Kosovo | 5.2 |
99 | Portugal | 5.3 |
100 | India | 5.4 |
101 | Uganda | 5.4 |
102 | Mexico | 5.5 |
103 | Norway | 5.5 |
104 | Turks and Caicos Islands | 5.5 |
105 | Andorra | 5.6 |
106 | Australia | 5.6 |
107 | France | 5.7 |
108 | Malta | 5.7 |
109 | New Zealand | 5.7 |
110 | Italy | 5.9 |
111 | Namibia | 5.9 |
112 | Russian Federation | 5.9 |
113 | Senegal | 5.9 |
114 | South Africa | 5.9 |
115 | Sweden | 5.9 |
116 | Uruguay | 5.9 |
117 | West Bank and Gaza | 5.9 |
118 | Germany | 6 |
119 | Philippines | 6 |
120 | Bosnia and Herzegovina | 6.1 |
121 | Morocco | 6.1 |
122 | Mozambique | 6.1 |
123 | San Marino | 6.1 |
124 | Somalia | 6.1 |
125 | Guatemala | 6.2 |
126 | Micronesia | 6.2 |
127 | Nauru | 6.2 |
128 | Tuvalu | 6.2 |
129 | Lesotho | 6.3 |
130 | Peru | 6.3 |
131 | Eritrea | 6.4 |
132 | Jamaica | 6.5 |
133 | Honduras | 6.7 |
134 | Marshall Islands | 6.8 |
135 | Mauritius | 7 |
136 | Cameroon | 7.2 |
137 | Guinea-Bissau | 7.2 |
138 | United Kingdom | 7.3 |
139 | Slovenia | 7.4 |
140 | Channel Islands | 7.5 |
141 | Chile | 7.6 |
142 | Austria | 7.7 |
143 | Kenya | 7.7 |
144 | Guinea | 7.8 |
145 | Nepal | 7.8 |
146 | Azerbaijan | 8.2 |
147 | Croatia | 8.4 |
148 | Nicaragua | 8.4 |
149 | Timor-Leste | 8.4 |
150 | Virgin Islands (US) | 8.4 |
151 | Comoros | 8.5 |
152 | Bulgaria | 8.6 |
153 | Montenegro | 8.6 |
154 | Guam | 8.7 |
155 | Iceland | 8.7 |
156 | Lithuania | 8.7 |
157 | Bangladesh | 9 |
158 | Estonia | 9.1 |
159 | Latvia | 9.1 |
160 | Algeria | 9.3 |
161 | Kiribati | 9.3 |
162 | Tunisia | 9.3 |
163 | North Macedonia | 9.4 |
164 | Isle of Man | 9.5 |
165 | Madagascar | 9.9 |
166 | Uzbekistan | 10 |
167 | Liberia | 10.1 |
168 | Tonga | 10.2 |
169 | Mongolia | 10.3 |
170 | Romania | 10.4 |
171 | Czech Republic | 10.7 |
172 | Kyrgyz Republic | 10.8 |
173 | Slovak Republic | 11 |
174 | Zambia | 11 |
175 | Poland | 11.4 |
176 | Colombia | 11.7 |
177 | Samoa | 12 |
178 | Vanuatu | 12 |
179 | Palau | 12.3 |
180 | Serbia | 12.4 |
181 | Ukraine | 12.9 |
182 | Moldova | 13.4 |
183 | Angola | 13.6 |
184 | Rwanda | 14 |
185 | Kazakhstan | 14.6 |
186 | Gambia | 17 |
187 | Hungary | 17.1 |
188 | Democratic Republic of the Congo | 19.9 |
189 | Sri Lanka | 20.4 |
190 | São Tomé and Príncipe | 21.2 |
191 | Egypt | 24.4 |
192 | Nigeria | 24.7 |
193 | Burundi | 27 |
194 | Myanmar | 27.1 |
195 | Pakistan | 29.2 |
196 | Cuba | 30 |
197 | Ethiopia | 30.2 |
198 | Malawi | 30.3 |
199 | Lao P.D.R. | 31.2 |
200 | Ghana | 37.5 |
201 | South Sudan | 40.2 |
202 | Iran | 41.5 |
203 | Haiti | 44.1 |
204 | Sierra Leone | 47.7 |
205 | Suriname | 51.6 |
206 | Türkiye | 53.9 |
207 | Syria | 112.27 |
208 | Argentina | 133.5 |
209 | Sudan | 171.5 |
210 | Lebanon | 221.3 |
211 | Venezuela | 337.5 |
212 | Zimbabwe | 667.4 |
Index Creator: This index is created by Inan Dogan, PhD. Inan Dogan has more than 20 years of experience researching and investing in the financial markets. Dr. Dogan is the co-founder and research director of Insider Monkey. He has a Ph.D. in financial economics from University at Buffalo and he has been doing quantitative stock research focusing on insider trading and hedge fund portfolio disclosures.