World Inflation Rate 1981-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • World inflation rate for 2022 was 8.27%, a 4.8% increase from 2021.
  • World inflation rate for 2021 was 3.48%, a 1.55% increase from 2020.
  • World inflation rate for 2020 was 1.93%, a 0.28% decline from 2019.
  • World inflation rate for 2019 was 2.21%, a 0.23% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Sub-Saharan Africa 9.39%
European Union 8.83%
Euro Area 8.40%
Latin America & Caribbean 8.30%
World 8.27%
OECD members 8.24%
North America 7.40%
South Asia 7.20%
East Asia & Pacific 5.41%
World Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 8.27% 4.80%
2021 3.48% 1.55%
2020 1.93% -0.28%
2019 2.21% -0.23%
2018 2.44% 0.25%
2017 2.19% 0.64%
2016 1.55% 0.12%
2015 1.43% -0.91%
2014 2.35% -0.27%
2013 2.62% -1.10%
2012 3.73% -1.10%
2011 4.82% 1.50%
2010 3.33% 0.47%
2009 2.86% -6.09%
2008 8.95% 4.14%
2007 4.81% 0.54%
2006 4.27% 0.16%
2005 4.11% 0.59%
2004 3.52% 0.49%
2003 3.03% 0.12%
2002 2.91% -0.93%
2001 3.84% 0.40%
2000 3.43% 0.39%
1999 3.04% -2.06%
1998 5.10% -0.46%
1997 5.55% -0.97%
1996 6.53% -2.55%
1995 9.08% -1.17%
1994 10.25% 3.10%
1993 7.14% -0.49%
1992 7.64% -1.36%
1991 9.00% 0.93%
1990 8.06% 1.14%
1989 6.92% -0.19%
1988 7.11% 1.40%
1987 5.71% -0.11%
1986 5.82% -0.98%
1985 6.81% -1.27%
1984 8.08% -0.59%
1983 8.67% -1.55%
1982 10.22% -2.22%
1981 12.44% -2.22%