Inflation Rate by Country (2026)

Global Inflation Overview

Inflation measures the annual rate of change in consumer prices. In 2026, the global average inflation rate is 8.7%, down from the post-pandemic peaks of 2022-2023 when supply chain disruptions and energy price shocks pushed inflation to levels not seen in decades. Central banks worldwide responded with aggressive interest rate hikes — the US Federal Reserve, European Central Bank, and Bank of England all raised rates to multi-decade highs.

The variation across countries is enormous. Advanced economies with credible central banks typically maintain inflation near their 2% targets, while many emerging markets face double-digit inflation driven by currency depreciation, fiscal deficits, or structural supply constraints. At the extreme end, countries experiencing hyperinflation or currency crises can see prices double in months. The full inflation ranking shows every country from highest to lowest.