World Inflation Rate

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GDP GDP Growth Rate GDP Per Capita Debt to GDP Inflation Rate Manufacturing GNI GNI Per Capita GNP

World inflation rate for 2023 was 5.73%, a 2.2% decline from 2022.

World inflation rate for 2022 was 7.93%, a 4.46% increase from 2021.
World inflation rate for 2021 was 3.48%, a 1.57% increase from 2020.
World inflation rate for 2020 was 1.91%, a 0.3% decline from 2019.

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.