Data / Rankings / Inflation, annual average / Countries

Countries by average annual inflation

Lebanon had the highest average annual inflation of 176 countries in 2023, at 221.3%. Afghanistan had the lowest, at -4.6%. The median was 5.8% and the figure for the World was 5.7%. Source: the World Bank.

Highest221.3Lebanon
Lowest-4.6Afghanistan
Median5.8176 countries
World5.7History

Top 40 countries, 2023

CSVChart (SVG)

LebanonLebanon: 221.3 %221.3ArgentinaArgentina: 133.5 %133.5TürkiyeTürkiye: 53.9 %53.9SurinameSuriname: 51.6 %51.6Sierra LeoneSierra Leone: 47.6 %47.6IranIran: 44.6 %44.6GhanaGhana: 38.1 %38.1HaitiHaiti: 36.8 %36.8EgyptEgypt: 33.9 %33.9LaosLaos: 31.2 %31.2PakistanPakistan: 30.8 %30.8EthiopiaEthiopia: 30.2 %30.2MalawiMalawi: 28.8 %28.8BurundiBurundi: 26.9 %26.9NigeriaNigeria: 24.7 %24.7São Tomé and PríncipeSão Tomé and Príncipe: 21.3 %21.3RwandaRwanda: 19.8 %19.8HungaryHungary: 17.1 %17.1GambiaGambia: 17 %17Sri LankaSri Lanka: 16.5 %16.5KazakhstanKazakhstan: 14.5 %14.5AngolaAngola: 13.6 %13.6MoldovaMoldova: 13.4 %13.4UkraineUkraine: 12.8 %12.8PalauPalau: 12.8 %12.8SerbiaSerbia: 12.4 %12.4ColombiaColombia: 11.7 %11.7PolandPoland: 11.5 %11.5VanuatuVanuatu: 11.2 %11.2ZambiaZambia: 10.9 %10.9ChadChad: 10.8 %10.8KyrgyzstanKyrgyzstan: 10.8 %10.8CzechiaCzechia: 10.7 %10.7SlovakiaSlovakia: 10.5 %10.5RomaniaRomania: 10.4 %10.4MongoliaMongolia: 10.3 %10.3LiberiaLiberia: 10.1 %10.1UzbekistanUzbekistan: 10 %10BangladeshBangladesh: 9.9 %9.9MadagascarMadagascar: 9.9 %9.9
%. Source: World Bank. Retrieved 2026-10-09.

Full ranking

RankCountries2023 (%)Change on 2022
1Lebanon221.3+50.1 pts
2Argentina133.5+61.1 pts
3Türkiye53.9-18.4 pts
4Suriname51.6-0.9 pts
5Sierra Leone47.6+20.4 pts
6Iran44.6+1.1 pts
7Ghana38.1+6.9 pts
8Haiti36.8+2.8 pts
9Egypt33.9+20 pts
10Laos31.2+8.3 pts
11Pakistan30.8+10.9 pts
12Ethiopia30.2-3.7 pts
13Malawi28.8+7.8 pts
14Burundi26.9+8.1 pts
15Nigeria24.7+5.8 pts
16São Tomé and Príncipe21.3+3.3 pts
17Rwanda19.8+2.1 pts
18Hungary17.1+2.5 pts
19Gambia17+5.5 pts
20Sri Lanka16.5-33.2 pts
21Kazakhstan14.5-0.5 pts
22Angola13.6-7.7 pts
23Moldova13.4-15.3 pts
24Ukraine12.8-7.3 pts
25Palau12.8+0.5 pts
26Serbia12.4+0.4 pts
27Colombia11.7+1.6 pts
28Poland11.5-2.9 pts
29Vanuatu11.2+4.5 pts
30Zambia10.9-0.1 pts
31Chad10.8+5 pts
32Kyrgyzstan10.8-3.2 pts
33Czechia10.7-4.4 pts
34Slovakia10.5-2.2 pts
35Romania10.4-3.4 pts
36Mongolia10.3-4.8 pts
37Liberia10.1+2.5 pts
38Uzbekistan10-1.5 pts
39Bangladesh9.9+2.2 pts
40Madagascar9.9+1.7 pts
41Bulgaria9.4-5.9 pts
42North Macedonia9.4-4.8 pts
43Tunisia9.3+1 pts
44Algeria9.3+0.1 pts
45Kiribati9.3+3.9 pts
46Estonia9.2-10.2 pts
47Lithuania9.1-10.6 pts
48Latvia8.9-8.4 pts
49Azerbaijan8.8-5.1 pts
50Iceland8.7+0.4 pts
51Montenegro8.6-4.5 pts
52Sweden8.5+0.2 pts
53Timor-Leste8.4+1.4 pts
54Nicaragua8.4-2.1 pts
55Comoros8.4-4.2 pts
56Croatia7.9-2.8 pts
57Samoa7.9-3 pts
58Austria7.8-0.7 pts
59Guinea7.8-2.7 pts
60Kenya7.70 pts
61Chile7.6-4.1 pts
62Slovenia7.4-1.4 pts
63Cameroon7.4+1.1 pts
64Mozambique7.1-3.2 pts
65Nepal7.1-0.6 pts
66Guinea-Bissau7.1-2.3 pts
67Mauritius7.1-3.7 pts
68United Kingdom6.8-1.1 pts
69Honduras6.7-2.4 pts
70Jamaica6.5-3.9 pts
71Peru6.5-1.9 pts
72Tonga6.4-4.6 pts
73Lesotho6.3-1.9 pts
74Ireland6.3-1.5 pts
75Finland6.3-0.9 pts
76Guatemala6.2-0.7 pts
77Bosnia and Herzegovina6.1-7.9 pts
78Morocco6.1-0.6 pts
79South Africa6.1-1 pts
80Philippines6+0.2 pts
81Germany5.9-0.9 pts
82Senegal5.9-3.8 pts
83San Marino5.9+0.6 pts
84Solomon Islands5.9+0.4 pts
85Namibia5.9-0.2 pts
86Palestine5.9+2.1 pts
87Uruguay5.9-3.2 pts
88Russia5.9-7.9 pts
89New Zealand5.7-1.4 pts
90India5.6-1 pts
91Italy5.6-2.6 pts
92Australia5.6-1 pts
93Mexico5.5-2.4 pts
94Norway5.5-0.3 pts
95Togo5.5-2.5 pts
96Uganda5.4-1.8 pts
97Malta5.1-1.1 pts
98Dominica5.1+2.2 pts
99Botswana5.1-6.6 pts
100Antigua and Barbuda5.1-2.5 pts
101Belarus5-10.2 pts
102Mauritania5-4.6 pts
103France4.9-0.3 pts
104Singapore4.8-1.3 pts
105Dominican Republic4.8-4 pts
106Albania4.8-2 pts
107Paraguay4.6-5.1 pts
108Trinidad and Tobago4.6-1.2 pts
109Brazil4.6-4.7 pts
110Saint Vincent and the Grenadines4.6-1.1 pts
111Belize4.4-1.9 pts
112Côte d’Ivoire4.4-0.9 pts
113Iraq4.4-0.6 pts
114Portugal4.3-3.5 pts
115Republic of the Congo4.3+1.3 pts
116Bhutan4.2-1.4 pts
117Israel4.2-0.2 pts
118United States4.1-3.9 pts
119Belgium4-5.5 pts
120El Salvador4-3.2 pts
121Canada3.9-2.9 pts
122Netherlands3.8-6.2 pts
123Saint Lucia3.8-5.8 pts
124Tanzania3.8-0.6 pts
125Luxembourg3.7-2.6 pts
126Cape Verde3.7-4.2 pts
127Niger3.7-0.5 pts
128Indonesia3.7-0.5 pts
129Kuwait3.6-0.3 pts
130Gabon3.6-0.6 pts
131South Korea3.6-1.5 pts
132Tajikistan3.6-3 pts
133Saint Kitts and Nevis3.6+0.9 pts
134Cyprus3.5-4.9 pts
135Spain3.5-4.9 pts
136Greece3.5-6.2 pts
137Denmark3.3-4.4 pts
138Japan3.3+0.8 pts
139Vietnam3.3+0.1 pts
140Barbados3.2n/a
141Bahamas3.1-2.6 pts
142Qatar3-2 pts
143Central African Republic3-2.6 pts
144Fiji3-3.1 pts
145Maldives2.9+0.6 pts
146Equatorial Guinea2.9-1.9 pts
147Guyana2.8-4.1 pts
148Benin2.7+1.4 pts
149Grenada2.7+0.1 pts
150Bolivia2.6+0.8 pts
151Malaysia2.5-0.9 pts
152Georgia2.5-9.4 pts
153Saudi Arabia2.5-0.1 pts
154South Sudan2.4+9.1 pts
155Libya2.4-2.1 pts
156Papua New Guinea2.3-3 pts
157Ecuador2.2-1.3 pts
158Switzerland2.1-0.7 pts
159Cambodia2.1-3.2 pts
160Hong Kong2.1+0.2 pts
161Jordan2.1-2.1 pts
162Mali2.1-7.6 pts
163Armenia2-6.7 pts
164United Arab Emirates1.6-3.7 pts
165Panama1.5-1.4 pts
166Djibouti1.4-3.7 pts
167Thailand1.2-4.8 pts
168Oman1-1.6 pts
169Burkina Faso0.7-13.5 pts
170Costa Rica0.5-7.7 pts
171Macao0.5-0.6 pts
172Brunei0.4-3.3 pts
173China0.2-1.7 pts
174Bahrain0.1-3.6 pts
175Seychelles-1-3.7 pts
176Afghanistan-4.6-18.4 pts

Other periods

About this ranking

Annual average change in the consumer price index, percent.

United States: percent change between the annual average CPI-U (all items, US city average) of the year and of the previous year, rounded to one decimal as the Bureau of Labor Statistics publishes it; both averages are shown with each value. A whole-year figure: it differs from the December 12-month change in cpi_annual_change. Other countries and the World: World Bank, from IMF International Financial Statistics and national sources; the World value is the median of country rates, not a weighted average.

Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. 16 countries with data in other periods have no value for 2023 and are left out rather than filled from another source. Equal values share a rank.

How to cite

World Bank, World Development Indicators. Inflation, consumer prices, annual % (FP.CPI.TOTL.ZG). https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG. Retrieved 2026-10-09.

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Questions

Which country has the highest average annual inflation?

Lebanon, with 221.3% in 2023, according to the World Bank.

Which country has the lowest average annual inflation?

Afghanistan, with -4.6% in 2023.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: World Bank, Inflation, consumer prices, annual % (FP.CPI.TOTL.ZG). Retrieved 2026-10-09. 16 countries have no value for 2023 and are not ranked.

Inflation, annual average: other rankings

Countries: more rankings