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Inflation Rates by Country: Complete 2023 Data

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.

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