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Global Inflation Rates 2023
Comparison of annual inflation rates from major countries based on World Bank and IMF data.
| Country | Currency | 2023 Inflation | Rating |
|---|---|---|---|
| Argentina | ARS | 211.4% | 🔴 High |
| Turkey | TRY | 53.9% | 🔴 High |
| Egypt | EGP | 33.9% | 🔴 High |
| Russia | RUB | 7.4% | 🟡 Medium |
| United Kingdom | GBP | 7.3% | 🟡 Medium |
| Germany | EUR | 5.9% | 🟡 Medium |
| Mexico | MXN | 5.5% | 🟡 Medium |
| Brazil | BRL | 4.6% | 🟡 Medium |
| United States | USD | 4.1% | 🟡 Medium |
| Japan | JPY | 3.3% | 🟢 Low |
| South Korea | KRW | 3.6% | 🟢 Low |
| China | CNY | 0.2% | 🟢 Low |
| Switzerland | CHF | 2.1% | 🟢 Low |
Source: World Bank, IMF. Data corresponds to average annual inflation for 2023.
How Does the Inflation Calculator Work?
This calculator uses official data from the World Bank (CPI - Consumer Price Index) to calculate the purchasing power of your money over time.
What is the CPI?
The CPI measures the average change in prices that consumers pay for a basket of goods and services.
Practical Example
If you had $1,000 in the year 2000, you would need approximately $1,800 today to maintain the same purchasing power.
Why is it Important?
- Financial Planning: Compare salaries and investments
- Investment Decisions: Evaluate real returns
- Historical Analysis: Understand past money values
Data Source: World Bank FP.CPI.TOTL indicator.
Frequently Asked Questions
How accurate are the calculations?
We use official World Bank data, the most reliable source for global economic indicators.
Why are some years not available?
The World Bank collects data from different dates depending on the country.
Can I compare countries?
Yes, you can select any country and see how inflation has affected its currency.
How can I use this information?
To adjust old contracts, evaluate real investments, or compare historical salaries.