Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Get in touch with us nowIn April 2024, the global producer price index (PPI)/wholesale price index inflation (WPI), excluding the U.S., stood at 172.6. In the United States, the index value amounted to 166. The PPI/WPI inflation tracks changes in the level of prices received by domestic producers for their goods and services.
In 2023, consumers considered rising prices and inflation to be their biggest worry, more than the war between Russia and Ukraine or climate change. Consumers are expressing this worry in numerous ways. Globally, over 20 percent of consumers have said they would shop less and seek cheaper options in response to price increases. Moreover, nearly 70 percent of surveyed consumers globally have reduced their gift giving to extended family and friends during the holiday season to stretch their budgets further.
Notably, emerging economies have a higher WPI value than advanced economies, standing at 201.91 compared to 151.7 in April 2024. Between 2021 and 2022, the average inflation rate in developing and emerging economies increased from 5.9 percent to 9.8 percent, before falling slightly to 8.34 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.
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Inflation worldwide
Country comparison
Inflation rates in selected countries
Consumer Price Index and forecasts
Industry comparison
Perception of inflation
Other price indices
Further related statistics
* For commercial use only
Basic Account
Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.