Economy
Inflation Rate
Definition
The annual percentage increase in the general price level of goods and services in an economy.
Explanation
Inflation erodes purchasing power — if inflation is 10%, something that cost $100 last year costs $110 today. Most central banks target 2% inflation as a healthy level. Hyperinflation (>50% monthly) can collapse economies, as seen historically in Zimbabwe and Venezuela. The CPI (Consumer Price Index) is the most common measure.
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Explore inflation rate data for all 218 countries with interactive charts and historical trends.
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