Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Get in touch with us nowMonthly inflation rates in developed and emerging countries 2021-2024
Of the major developed and emerging economies, China had the lowest inflation rate at 0.3 percent in May 2024. On the other end of the spectrum, the inflation rate in Russia stood at over eight percent. The country's inflation rate increased sharply after the country's President, Vladimir Putin, decided to invade Ukraine, but declined somewhat since.
The rate of inflation reflects changes in the cost of a specified basket containing a representative selection of goods and services. It is derived from the consumer price index (CPI).
