Inflation Rate (Consumer Prices) 2005
Inflation Rate (Consumer Prices) reveals how price changes affect economies. Compare countries and explore interactive rankings and trends.
Interactive Map
Complete Data Rankings
- #1
Angola
- #2
Belarus
- #3
Myanmar
- #4
Congo, Democratic Republic of the
- #5
Costa Rica
- #6
Afghanistan
- #7
Solomon Islands
- #8
Burundi
- #9
Chad
- #10
Brazil
Analysis: These countries represent the highest values in this dataset, showcasing significant scale and impact on global statistics.
- #215
Wallis and Futuna Islands
- #214
Saint Vincent and the Grenadines
- #213
Tokelau
- #212
Sweden
- #211
Somalia
- #210
Senegal
- #209
Saudi Arabia
- #208
Switzerland
- #207
Togo
- #206
Sierra Leone
Context: These countries or territories have the lowest values, often due to geographic size, administrative status, or specific characteristics.
Analysis & Context
In 2005, Zimbabwe experienced the highest Inflation Rate (Consumer Prices) globally, reaching a staggering 133%, while the global range spanned from 0.00% to 133.00%. The average inflation rate worldwide was 6.25%, providing a benchmark for comparison among the 200 countries with available data.
Extremes in Inflation: Zimbabwe and Beyond
The inflation scenario in 2005 was marked by extremes, with Zimbabwe at the forefront, facing hyperinflation driven by economic mismanagement, political instability, and severe supply constraints. Following Zimbabwe, the Dominican Republic recorded the second-highest rate at 55%, a significant rise attributed to fiscal imbalances and external debt pressures. Angola reported an inflation rate of 43.8%, reflecting its post-civil war recovery challenges and reliance on volatile oil revenues.
Stable Economies: The Lower Spectrum
On the opposite end, Israel achieved a remarkable 0% inflation rate, indicative of effective monetary policies and economic stability. Oman and Brunei Darussalam followed closely with rates of 0.2% and 0.3% respectively, benefiting from stable commodity prices and prudent fiscal management. These countries exemplify how controlled inflation contributes to economic predictability and consumer confidence.
Year-Over-Year Trends: Significant Changes
The year-over-year analysis reveals notable shifts in inflation rates. The Dominican Republic saw a dramatic increase of 27.50%, doubling its previous rate, largely due to external economic pressures and internal fiscal challenges. In contrast, Zimbabwe experienced a significant decrease of -251.70%, reflecting a temporary stabilization effort, although it still led the global rankings. Myanmar and Turkey also saw substantial reductions of -32.50% and -16.00% respectively, attributed to reforms aimed at stabilizing their economies.
Drivers Behind Inflation Trends
Inflation dynamics in 2005 were influenced by a mix of economic, geographic, and policy factors. Countries like Suriname and Venezuela with inflation rates of 23% and 22.4% respectively, faced challenges from fluctuating oil prices and political uncertainties. Meanwhile, Haiti and Guinea, with rates of 22% and 18%, were impacted by political instability and economic mismanagement. Conversely, nations with lower rates, such as Sweden and Finland, maintained economic stability through robust institutional frameworks and effective monetary policies.
Overall, the 2005 inflation landscape highlights the diverse economic conditions across the globe, shaped by a myriad of internal and external factors. Understanding these patterns provides valuable insights into the economic health and policy effectiveness of nations worldwide.
Data Source
CIA World Factbook
The World Factbook, also known as the CIA World Factbook, was a reference resource produced by the US Central Intelligence Agency between 1962 and 2026 with almanac-style information about the countries of the world. From 1971 it was not classified, and available to the public in print since 1975, initially by the CIA, and later the Government Publishing Office.
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