Source: Trading Economics (2023)

Here's a comparison of inflation rates for every country in the world in 2023.
China is one of the 5 nations with inflation below 2%.

This 2% figure is the inflation target for many developed countries, but the vast majority are well above this.

The countries highlighted in black are the G20 nations and a few other countries I often get asked about in the comments.

The USA has 7.1% inflation which is lower than most of Europe.
Germany gets into the top 100 with 8.6%.

The UK ranks at number 68, just below the average inflation in the EU.
It's one of 77 countries with double digit inflation.

Into the top 50, the percentages are quickly rising up to 26.5%, where we see Ukraine coming in at number 20.

There aren't many developed nations towards the top, but after their world cup win in December, Argentina ranks 6th.

However, at number one, where the average price level rose by 244% in the last year is Zimbabwe.

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