Inflation Rates by Country: Complete 2023 Data

Published on August 26, 2024 at 3:49 pm by Inan Dogan, PhD in News, We Disagree

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.

Inflation Rates by Country: Complete 2023 Data

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