Jose Sanchez
Research expert covering society, economy, & politics for Latin America
Get in touch with us nowProducer Price Index/Wholesale Price Index Inflation worldwide 2019-2024
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In August 2024, the global producer price index (PPI)/ wholesale price index inflation (WPI), excluding the U.S., stood at
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. In the United States, the index value amounted to Log in or register to access precise data.
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. The PPI/WPI inflation tracks changes in the level of prices received by domestic producers for their goods and services.Log in or register to access precise data.
Consumer habits and price increases
As of August 2024, consumers considered rising prices and inflation to be their biggest worry. Consumers are expressing this worry in numerous ways. Globally, over Log in or register to access precise data. Log in or register to access precise data.** percent of consumers have said they would shop less and seek cheaper options in response to price increases. Moreover, nearly ** percent of surveyed consumers globally reduced their gift giving to extended family and friends during the holiday season in 2023 to stretch their budgets further.
Impact of inflation on emerging economies
Notably, emerging economies have a higher WPI value than advanced economies. Between 2021 and 2022, the average inflation rate in developing and emerging economies increased from
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percent to Log in or register to access precise data.
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percent, before falling slightly to Log in or register to access precise data.
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percent in 2023. The countries with the highest inflation rates in 2023 include many developing and emerging economies, such as Zimbabwe, Argentina, Turkey, and Suriname.Log in or register to access precise data.
