International Inflation Rates

2024-04-12

World Inflation
Global Inflation
International Inflation
Consumer Price Index International
World Consumer Price Index
Global Consumer Price Indexes
CPI

International inflation is currently a mixture of stubbornly above target for most countries, with 14 countries experiencing inflation rates of 0% or lower and 12 countries with rates at 30% or more.

Most countries are cautiously optimistic of bringing inflation back under control after the past few years of high / volatile inflation in the wake of the pandemic, the trend towards globalization and as aging populations reshape many global economies. However the Brent crude oil benchmark is up around 18%, currently around $90 a barrel, which may lead to a rebound in inflation.

Inflation in some of the largest economies has slowed but is not yet back to the levels seen before the pandemic.

In summary the latest inflation rate trends in the largest economies:

  • Australia: 4.1% in December 2023 down from 5.4%.
  • Brazil: 3.9% in March 2024 down from 4.5%.
  • Canada: 2.8% in February down from 2.9%.
  • China 0.1% in March 2024 down from 0.7%.
  • France: 2.3% in March down from 2.9%.
  • Germany: 2.2% in March 2024 down from 2.5%.
  • Hong Kong 2.1% in February up from 1.7%.
  • India 5.1% in February 2024 holding steady.
  • Indonesia: 3.1% in March 2024 up from 2.8%.
  • Italy: 1.3% in March 2024 up from 0.8%.
  • Japan: 2.8% in February up from 2.2%.
  • Saudi Arabia: 1.8% in February up from 1.6%.
  • Singapore 3.4% in February 2024 up from 2.9%.
  • South Africa: 5.6% in February up from 5.3%.
  • South Korea: 3.1% in March 2024 holding steady.
  • Spain: 3.2% in March 2024 up from 2.8%.
  • Taiwan 2.1% in March 2024 down from 3.1%.
  • Turkey: 68.5% in March 2024 up from 67.1%.
  • United Arab Emirates: 3.4% in February 2024 down from 3.6%.
  • United Kingdom: 3.2% in March down from 3.4%.
  • United States: 3.5% in March up from 3.2%.