• Inflation forecast by country 2021-2023

As of July 2021, the inflation rate for the United States was forecast to reach 3.41 percent in 2021, and 2.67 percent in 2022. According to the forecasts, the inflation rate in Argentina was projected to amount to almost 45 percent in 2021, which was by far the highest value among the presented countries.

Forecast of inflation rate worldwide from 2021 to 2023, by country

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Release date

January 2022

More information

Region

Worldwide

Survey time period

February 1, 2022

Supplementary notes

The source adds the following information: "Inflation forecast is measured in terms of the consumer price index (CPI) or harmonised index of consumer prices (HICP) for euro area countries, the euro area aggregate and the United Kingdom. Inflation measures the general evolution of prices. It is defined as the change in the prices of a basket of goods and services that are typically purchased by households. Projections are based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. The indicator is expressed in annual growth rates."