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 2023 was 5.69%, a 2.28% decline from 2022.
- World inflation rate for 2022 was 7.97%, a 4.5% increase from 2021.
- World inflation rate for 2021 was 3.47%, a 1.55% increase from 2020.
- World inflation rate for 2020 was 1.92%, a 0.29% decline from 2019.
| World Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
5.69% |
-2.28% |
| 2022 |
7.97% |
4.50% |
| 2021 |
3.47% |
1.55% |
| 2020 |
1.92% |
-0.29% |
| 2019 |
2.21% |
-0.24% |
| 2018 |
2.45% |
0.20% |
| 2017 |
2.25% |
0.65% |
| 2016 |
1.61% |
0.16% |
| 2015 |
1.44% |
-0.91% |
| 2014 |
2.35% |
-0.30% |
| 2013 |
2.65% |
-1.07% |
| 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% |
-0.07% |
| 1986 |
5.78% |
-1.03% |
| 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% |
