World Inflation Rate 1981-2021

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 2020 was 1.94%, a 0.21% decline from 2019.
  • World inflation rate for 2019 was 2.15%, a 0.27% decline from 2018.
  • World inflation rate for 2018 was 2.42%, a 0.24% increase from 2017.
  • World inflation rate for 2017 was 2.18%, a 0.69% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
South Asia 5.69%
Sub-Saharan Africa 3.22%
World 1.94%
North America 0.98%
OECD members 0.74%
European Union 0.51%
Euro Area 0.35%
World Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2020 1.94% -0.21%
2019 2.15% -0.27%
2018 2.42% 0.24%
2017 2.18% 0.69%
2016 1.49% 0.06%
2015 1.43% -0.91%
2014 2.35% -0.26%
2013 2.61% -1.12%
2012 3.73% -1.10%
2011 4.82% 1.48%
2010 3.34% 0.42%
2009 2.92% -6.03%
2008 8.95% 4.14%
2007 4.82% 0.53%
2006 4.28% 0.17%
2005 4.11% 0.73%
2004 3.38% 0.36%
2003 3.02% -0.01%
2002 3.03% -0.89%
2001 3.92% 0.36%
2000 3.56% 0.29%
1999 3.26% -1.83%
1998 5.10% -0.46%
1997 5.55% -1.12%
1996 6.68% -2.57%
1995 9.25% -1.31%
1994 10.56% 3.42%
1993 7.14% -0.68%
1992 7.83% -1.17%
1991 9.00% 0.55%
1990 8.45% 0.92%
1989 7.53% 0.36%
1988 7.17% 1.11%
1987 6.06% 0.07%
1986 5.99% -1.10%
1985 7.10% -1.22%
1984 8.32% -0.80%
1983 9.11% -1.18%
1982 10.30% -2.37%
1981 12.66% -2.37%