Average consumer prices inflation rate


Venezuela (Bolivarian Republic of) is the top country by inflation rate in the world. As of 2021, inflation rate in Venezuela (Bolivarian Republic of) was 1,588.5 %. The top 5 countries also includes Sudan, Zimbabwe, Suriname, and Argentina.

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What is inflation rate?

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data for inflation are averages for the year, not end-of-period data.