Inflation Rate 2018

Mauritius

In 2018, Mauritius had an Inflation Rate of 3.2160538314457 %, ranking #67 out of 183 countries. This rate is relatively moderate compared to many African nations, where inflation can often exceed double digits.

The inflation in Mauritius is influenced by factors such as its reliance on imported goods and fluctuations in global commodity prices, which can impact local costs. Additionally, the government's monetary policies aim to maintain price stability while fostering economic growth in this island nation.

Myanmar

In 2018, Myanmar had an Inflation Rate of 6.87232865662935 %, ranking #25 out of 183 countries. This rate is significantly higher than the global average, reflecting economic pressures in the region. Contributing factors include ongoing political instability, which has affected investor confidence, and the impact of external trade dynamics on local prices.

Tanzania

Tanzania had an Inflation Rate of 3.49445848856181 % in 2018, ranking #62 out of 183 countries. This rate was relatively low compared to regional averages, indicating a stable economic environment amidst various challenges. Key drivers of this stability included prudent monetary policy and a focus on agricultural production, which helped mitigate price volatility in essential goods.

Slovakia

In 2018, Slovakia had an Inflation Rate of 2.51403712883803 %, ranking #89 out of 183 countries. This rate was relatively moderate compared to the European Union average, indicating stable economic conditions within the region. Key drivers of Slovakia's inflation included rising consumer demand and increased energy prices, which were influenced by both domestic consumption patterns and external market fluctuations.

Bahrain

Bahrain's Inflation Rate in 2018 was 2.08766938046978 %, ranking it #107 out of 183 countries. This rate was relatively moderate compared to its Gulf neighbors, many of which experienced higher inflation due to fluctuating oil prices. Contributing factors to Bahrain's inflation included its reliance on imported goods and the overall economic impact of regional geopolitical tensions.

Cabo Verde

Cabo Verde had an Inflation Rate of 1.25699566690509 % in 2018, ranking #136 out of 183 countries. This rate is relatively low compared to the global average, indicating stable prices in the context of a challenging economic environment. The country's inflation was influenced by its reliance on imports for food and energy, alongside government efforts to maintain price stability through fiscal policies.

Guinea-Bissau

In 2018, Guinea-Bissau recorded an Inflation Rate of 0.381324702790992 %, ranking #172 out of 183 countries. This rate is significantly lower than the global average, indicating a relatively stable price environment compared to many other nations. The low inflation can be attributed to Guinea-Bissau's reliance on agriculture, particularly cashew nuts, which helps stabilize prices due to consistent demand. Additionally, the country's economic policies and external aid have played a role in maintaining this low inflation rate.

Georgia

In 2018, Georgia achieved an Inflation Rate of 2.6152447139767 %, ranking #84 out of 183 countries. This rate is relatively stable compared to its regional neighbors, indicating a controlled economic environment. Key drivers of this performance include prudent monetary policy and a focus on maintaining economic stability amidst external pressures, such as fluctuating global commodity prices.

Barbados

In 2018, Barbados had an Inflation Rate of 3.1060057242059 %, ranking #69 out of 183 countries. This rate is relatively moderate compared to the Caribbean regional average, where inflation can often be higher due to external economic pressures. Key drivers of Barbados's inflation include its reliance on tourism and imported goods, which can lead to price volatility influenced by global market trends.

Luxembourg

In 2018, Luxembourg had an Inflation Rate of 1.5281952430737 %, ranking #128 out of 183 countries. This rate is relatively low compared to the Eurozone average, reflecting the stability of the region's economy. Factors such as Luxembourg's robust financial sector and high GDP per capita contribute to its controlled inflation levels, allowing for a stable purchasing power among its citizens.