Countries by Consumer Price Inflation Rate 2024

About This Dataset

Countries ranked by annual average consumer price inflation in 2024, according to IMF World Economic Outlook data. Venezuela and Argentina have experienced some of the most severe inflation episodes in modern economic history — Argentina's annual inflation exceeded 200% in late 2023 before government austerity measures began to reduce it, while countries like Japan and Switzerland maintained some of the world's lowest and most stable price levels.

✨ AI Insight

The data reveals a dramatic divide in inflation rates, with Venezuela and Argentina suffering from extreme economic instability, reflected in their rates of 190% and 133%, respectively. This hyperinflation can be attributed to a combination of political turmoil, currency devaluation, and economic mismanagement. In stark contrast, Switzerland and Japan showcase effective monetary policies, resulting in inflation rates of only 1.4% and 2.6%. The significant gap between these extremes suggests that while some nations struggle with runaway inflation, others have successfully implemented measures to maintain price stability, indicating a potential roadmap for inflationary crises.

Source: Wikipedia

Key Findings

Auto-computed highlights from this dataset

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Venezuela leads with 190 in 2024.

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Average value in 2024: 55 · median: 33.

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Gap in 2024: Venezuela is 135.7× larger than Switzerland.