CPI inflation rate forecast worldwide 2022-2025

Published by
Einar H. Dyvik,
Jul 4, 2024

The global inflation rate reached almost nine percent in 2022 amid the COVID-19 pandemic and Russia and invasion of Ukraine. The inflation was particularly high in emerging and developing economies, where it reached almost 10 percent that year. Global inflation is expected to slow somewhat until 2025.

Inflation rate forecast for the consumer price index worldwide from 2022 to 2025

CharacteristicGlobal CPIAdvanced economiesEmerging markets and developing economies
2025** 4.4% 2% 6%
2024** 5.8% 2.6% 8.1%
2023* 6.8% 4.6% 8.4%
2022* 8.7% 7.3% 9.8%
Showing entries 1 to 4 (4 entries in total)
Created with Highcharts 7.2.2Annual inflation rate8.7%8.7%6.8%6.8%5.8%5.8%4.4%4.4%7.3%7.3%4.6%4.6%2.6%2.6%2%2%9.8%9.8%8.4%8.4%8.1%8.1%6%6%Global CPIAdvanced economiesEmerging markets and developing economies2022*2023*2024**2025**
2%4%6%8%10%12%

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Release date

January 2024

Region

Worldwide

Survey time period

January 2024

Supplementary notes

*Estimate.

**Projection.

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