Inflation Rate 2022
Inflation rate reflects the annual percentage change in the cost of goods and services, influencing purchasing power.
Interactive Map
Complete Data Rankings
Rank | Actions | ||
|---|---|---|---|
1 |  Lebanon | 171.205 % | |
2 |  Sudan | 138.808 % | |
3 |  Zimbabwe | 104.705 % | |
4 |  Argentina | 72.431 % | |
5 |  Turkey | 72.309 % | |
6 |  Suriname | 52.446 % | |
7 |  Sri Lanka | 49.721 % | |
8 |  Iran | 43.488 % | |
9 |  Haiti | 33.984 % | |
10 |  Ethiopia | 33.89 % | |
11 |  Ghana | 31.256 % | |
12 |  Republic of Moldova | 28.737 % | |
13 |  Sierra Leone | 27.208 % | |
14 |  Laos | 22.956 % | |
15 |  Angola | 21.355 % | |
16 |  Malawi | 20.954 % | |
17 |  Ukraine | 20.184 % | |
18 |  Pakistan | 19.874 % | |
19 |  Lithuania | 19.705 % | |
20 |  Estonia | 19.398 % | |
21 |  Nigeria | 18.847 % | |
22 |  Burundi | 18.801 % | |
23 |  Sao Tome and Principe | 18.006 % | |
24 |  Rwanda | 17.689 % | |
25 |  Latvia | 17.31 % | |
26 |  Bulgaria | 15.325 % | |
27 |  Belarus | 15.21 % | |
28 |  Mongolia | 15.151 % | |
29 |  Czech Republic | 15.1 % | |
30 |  Kazakhstan | 15.028 % | |
31 |  Hungary | 14.608 % | |
32 |  Poland | 14.429 % | |
33 |  Burkina Faso | 14.29 % | |
34 |  North Macedonia | 14.205 % | |
35 |  Bosnia and Herzegovina | 14.021 % | |
36 |  Kyrgyzstan | 13.923 % | |
37 |  Egypt | 13.896 % | |
38 |  Azerbaijan | 13.852 % | |
39 |  Romania | 13.795 % | |
40 |  Russia | 13.744 % | |
41 |  Afghanistan | 13.712 % | |
42 |  Montenegro | 13.04 % | |
43 |  Slovakia | 12.774 % | |
44 |  Comoros | 12.532 % | |
45 |  Palau | 12.353 % | |
46 |  Serbia | 11.982 % | |
47 |  Georgia | 11.898 % | |
48 |  Botswana | 11.666 % | |
49 |  Chile | 11.644 % | |
50 |  Kosovo | 11.581 % | |
51 |  Gambia | 11.513 % | |
52 |  Uzbekistan | 11.447 % | |
53 |  Zambia | 10.993 % | |
54 |  Tonga | 10.971 % | |
55 |  Samoa | 10.962 % | |
56 |  Croatia | 10.781 % | |
57 |  Mauritius | 10.774 % | |
58 |  Guinea | 10.493 % | |
59 |  Nicaragua | 10.467 % | |
60 |  Jamaica | 10.35 % | |
61 |  Mozambique | 10.279 % | |
62 |  Colombia | 10.177 % | |
63 |  Netherlands | 10.001 % | |
64 |  Paraguay | 9.766 % | |
65 |  Senegal | 9.697 % | |
66 |  Saint Lucia | 9.653 % | |
67 |  Greece | 9.645 % | |
68 |  Mali | 9.621 % | |
69 |  Belgium | 9.598 % | |
70 |  Mauritania | 9.525 % | |
71 |  Guinea-Bissau | 9.391 % | |
72 |  Brazil | 9.28 % | |
73 |  Algeria | 9.266 % | |
74 |  Uruguay | 9.104 % | |
75 |  Honduras | 9.09 % | |
76 |  Slovenia | 8.834 % | |
77 |  Dominican Republic | 8.811 % | |
78 |  Armenia | 8.641 % | |
79 |  Austria | 8.547 % | |
80 |  Cyprus | 8.395 % | |
81 |  Spain | 8.391 % | |
82 |  Sweden | 8.369 % | |
83 |  Peru | 8.334 % | |
84 |  Iceland | 8.309 % | |
85 |  Tunisia | 8.306 % | |
86 |  Costa Rica | 8.275 % | |
87 |  Lesotho | 8.272 % | |
88 |  Italy | 8.201 % | |
89 |  Madagascar | 8.161 % | |
90 |  United States | 8.003 % | |
91 |  Togo | 7.968 % | |
92 |  Cabo Verde | 7.931 % | |
93 |  United Kingdom | 7.922 % | |
94 |  Mexico | 7.896 % | |
95 |  Portugal | 7.833 % | |
96 |  Ireland | 7.829 % | |
97 |  Bangladesh | 7.697 % | |
98 |  Denmark | 7.697 % | |
99 |  Nepal | 7.67 % | |
100 |  Kenya | 7.66 % | |
101 |  Liberia | 7.593 % | |
102 |  Antigua and Barbuda | 7.531 % | |
103 |  El Salvador | 7.199 % | |
104 |  Uganda | 7.196 % | |
105 |  New Zealand | 7.172 % | |
106 |  Finland | 7.124 % | |
107 |  South Africa | 7.04 % | |
108 |  Timor-Leste | 7.005 % | |
109 |  Guyana | 6.933 % | |
110 |  Guatemala | 6.885 % | |
111 |  Germany | 6.873 % | |
112 |  Canada | 6.803 % | |
113 |  Albania | 6.725 % | |
114 |  India | 6.699 % | |
115 |  Vanuatu | 6.679 % | |
116 |  Morocco | 6.657 % | |
117 |  Australia | 6.594 % | |
118 |  Luxembourg | 6.336 % | |
119 |  Belize | 6.277 % | |
120 |  Cameroon | 6.248 % | |
121 |  Malta | 6.154 % | |
122 |  Singapore | 6.131 % | |
123 |  Namibia | 6.081 % | |
124 |  Fiji | 6.079 % | |
125 |  Thailand | 6.076 % | |
126 |  Trinidad and Tobago | 5.828 % | |
127 |  Philippines | 5.821 % | |
128 |  Chad | 5.788 % | |
129 |  Norway | 5.764 % | |
130 |  Saint Vincent and the Grenadines | 5.66 % | |
131 |  Bhutan | 5.639 % | |
132 |  Bahamas | 5.605 % | |
133 |  Central African Republic | 5.583 % | |
134 |  Solomon Islands | 5.518 % | |
135 |  Micronesia (Fed. States of) | 5.409 % | |
136 |  Kiribati | 5.346 % | |
137 |  Cambodia | 5.344 % | |
138 |  San Marino | 5.325 % | |
139 |  United Arab Emirates | 5.291 % | |
140 |  Papua New Guinea | 5.253 % | |
141 |  Côte d'Ivoire | 5.234 % | |
142 |  France | 5.222 % | |
143 |  Djibouti | 5.172 % | |
144 |  South Korea | 5.09 % | |
145 |  Qatar | 4.995 % | |
146 |  Iraq | 4.995 % | |
147 |  Equatorial Guinea | 4.787 % | |
148 |  Libya | 4.51 % | |
149 |  Israel | 4.412 % | |
150 |  Tanzania | 4.35 % | |
151 |  Gabon | 4.231 % | |
152 |  Jordan | 4.229 % | |
153 |  Niger | 4.226 % | |
154 |  Indonesia | 4.209 % | |
155 |  Kuwait | 3.981 % | |
156 |  State of Palestine | 3.741 % | |
157 |  Brunei Darussalam | 3.682 % | |
158 |  Bahrain | 3.626 % | |
159 |  Ecuador | 3.466 % | |
160 |  Malaysia | 3.379 % | |
161 |  Vietnam | 3.157 % | |
162 |  Congo | 3.043 % | |
163 |  Dominica | 2.885 % | |
164 |  Panama | 2.86 % | |
165 |  Switzerland | 2.835 % | |
166 |  Saint Kitts and Nevis | 2.668 % | |
167 |  Seychelles | 2.626 % | |
168 |  Grenada | 2.581 % | |
169 |  Oman | 2.506 % | |
170 |  Japan | 2.498 % | |
171 |  Saudi Arabia | 2.474 % | |
172 |  Maldives | 2.331 % | |
173 |  China | 1.974 % | |
174 |  China, Hong Kong SAR | 1.881 % | |
175 |  Bolivia | 1.746 % | |
176 |  Benin | 1.351 % | |
177 |  China, Macao SAR | 1.045 % | |
178 |  South Sudan | -6.687 % |
Analysis: These countries represent the highest values in this dataset, showcasing significant scale and impact on global statistics.
- #178South Sudan
- #177China, Macao SAR
- #176Benin
- #175Bolivia
- #174China, Hong Kong SAR
- #173China
- #172Maldives
- #171Saudi Arabia
- #170Japan
- #169Oman
Context: These countries or territories have the lowest values, often due to geographic size, administrative status, or specific characteristics.
Analysis & Context
In 2022, Lebanon recorded the highest Inflation Rate among 178 countries, with a staggering 171.21%, while the global range spanned from -6.69% to 171.21%. The global average inflation rate stood at 12.72%, offering a stark insight into the economic turbulence faced worldwide during this period.
Economic Instability and Hyperinflation
The exceptionally high inflation rates in countries like Lebanon and Sudan—with inflation rates of 171.21% and 138.81% respectively—highlight severe economic instability. In Lebanon, hyperinflation was driven by a combination of political turmoil, currency depreciation, and banking sector collapse. Similarly, Sudan's economic challenges were compounded by political instability and the removal of fuel subsidies, which further exacerbated the inflationary pressures.
Zimbabwe also experienced hyperinflation with a rate of 104.71%. The country's ongoing struggles with currency devaluation and a lack of foreign investment have been significant contributors to its economic woes. These nations exemplify how political and economic instability can lead to extreme inflation rates.
Moderate Inflation in Economically Stable Regions
In contrast, several countries maintained relatively low inflation rates, indicating economic stability. For instance, China, Hong Kong SAR, and Japan reported inflation rates of 1.97%, 1.88%, and 2.50% respectively. These countries have benefited from robust economic policies, stable governance, and efficient monetary systems that have kept inflation in check.
Factors such as controlled monetary policy and strong fiscal management have allowed these regions to maintain low inflation, ensuring stable purchasing power for their citizens.
Significant Year-over-Year Changes
Several countries experienced notable changes in their inflation rates from the previous year. Turkey saw a substantial increase of 52.71% (269.0%), largely due to currency depreciation and rising energy prices. Meanwhile, Sri Lanka recorded an increase of 42.71% (608.8%), driven by foreign exchange shortages and import restrictions.
Conversely, Sudan experienced the most significant decrease, with a drop of 220.28% (-61.3%), likely due to the stabilization of the currency following previous hyperinflation. South Sudan also saw a decrease of 17.20% (-163.6%), reflecting efforts to stabilize its economy amidst ongoing conflict.
Global Economic Implications
The data from 2022 underscores the varied economic landscapes across the globe. The average global inflation rate of 12.72% indicates widespread inflationary pressures, affecting both developing and developed nations. Economic policies, political stability, and external shocks such as global supply chain disruptions have played pivotal roles in shaping these outcomes.
Understanding these dynamics is crucial for policymakers to navigate future economic challenges and implement measures to stabilize economies, reduce inflationary pressures, and protect purchasing power. The disparities in inflation rates among countries highlight the importance of tailored economic strategies that consider local contexts and global economic trends.
Frequently Asked Questions About Inflation Rate in 2022
Which country had the highest inflation rate in 2022?
Lebanon had the highest inflation rate in 2022, with a rate of 171%.
Which country had the lowest inflation rate in 2022?
South Sudan had the lowest inflation rate in 2022, with a rate of -6.69%.
What was the average inflation rate across countries in 2022?
The average inflation rate across the 178 countries in 2022 was 12.72%.
What was the median inflation rate among countries in 2022?
The median inflation rate among the countries in 2022 was 8.08%.
Which countries were in the top 3 for inflation rates in 2022?
The top 3 countries with the highest inflation rates in 2022 were Lebanon at 171%, Sudan at 139%, and Zimbabwe at 105%.
What was the inflation rate range among countries in 2022?
In 2022, the inflation rate ranged from -6.69% in South Sudan to 171% in Lebanon.
Insights by country
Lithuania
In 2022, Lithuania recorded an Inflation Rate of 19.7050461518394 %, ranking #19 out of 178 countries. This rate significantly surpassed the European Union average, reflecting broader inflationary pressures across the region. Key drivers of Lithuania's high inflation included rising energy prices and supply chain disruptions, exacerbated by geopolitical tensions and the aftermath of the COVID-19 pandemic.
Kazakhstan
In 2022, Kazakhstan had an Inflation Rate of 15.0278644440851 %, ranking #30 out of 178 countries. This rate is significantly higher than the global average, reflecting economic pressures faced by many nations. Key drivers of this inflation include rising food prices and supply chain disruptions, exacerbated by the geopolitical tensions in the region and the ongoing impact of the COVID-19 pandemic on the economy.
France
In 2022, France had an Inflation Rate of 5.22236748369725 %, ranking #142 out of 178 countries. This rate was higher than the European Union average, reflecting broader inflationary pressures across the region. Contributing factors included rising energy prices and supply chain disruptions exacerbated by the ongoing fallout from the COVID-19 pandemic, alongside geopolitical tensions affecting global markets.
Indonesia
In 2022, Indonesia ranked #154 globally with an inflation rate of 4.20946463714784 %. This rate is relatively moderate compared to neighboring countries, reflecting a regional trend of rising prices driven by supply chain disruptions. Key factors influencing Indonesia's inflation include the ongoing impacts of the COVID-19 pandemic on economic activity and fluctuations in food prices, which constitute a significant portion of consumer expenditure in the country.
Albania
In 2022, Albania had an Inflation Rate of 6.72520271530059 %, ranking #113 out of 178 countries. This rate is notably higher than the global average, reflecting challenges in the region.
The inflation was driven by increased energy prices and supply chain disruptions, exacerbated by the ongoing effects of the COVID-19 pandemic and geopolitical tensions in Europe. Additionally, Albania's reliance on imported goods significantly influenced its inflationary pressures.
Haiti
In 2022, Haiti recorded an Inflation Rate of 33.98393194707 %, ranking #9 out of 178 countries. This high inflation rate is significantly above the global average, driven in part by ongoing political instability and supply chain disruptions exacerbated by natural disasters. Additionally, the depreciation of the Haitian gourde against foreign currencies has led to increased costs for imports, further straining the economy.
Cyprus
In 2022, Cyprus had an Inflation Rate of 8.39548297993334 %, ranking #80 out of 178 countries. This rate is significantly higher than the European Union average, reflecting broader regional inflationary pressures. Key drivers of this inflation include rising energy costs and supply chain disruptions, exacerbated by the ongoing geopolitical tensions in the region.
Chad
In 2022, Chad had an Inflation Rate of 5.78802687843616 %, ranking #128 out of 178 countries. This rate is relatively moderate compared to the global average, which often exceeds 7% in many regions. Key drivers of Chad's inflation include ongoing economic challenges, such as reliance on oil exports and vulnerabilities in agricultural production due to climatic factors.
Azerbaijan
Azerbaijan had an inflation rate of 13.8522590144267 % in 2022, ranking #38 out of 178 countries. This rate is notable compared to the regional average, reflecting significant economic pressures. Key drivers of this inflation included rising global energy prices and domestic supply chain disruptions, which were exacerbated by geopolitical tensions affecting trade routes. Additionally, currency fluctuations played a role in increasing the cost of imports, further impacting consumer prices.
Sri Lanka
Sri Lanka ranked #7 globally with an inflation rate of 49.7211021114327 % in 2022. This figure significantly exceeds the global average inflation rate, indicating severe economic distress. Key drivers of this high inflation include the impact of the COVID-19 pandemic on tourism, a critical sector for the economy, and subsequent policy missteps that exacerbated food and fuel shortages.
Data Source
Inflation, consumer prices (annual %)
The World Bank provides data on consumer price inflation, measured as the annual percentage change in the consumer price index. This dataset offers country-level statistics that reflect changes in the cost of living and economic conditions across various nations.
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