Countries with the lowest inflation rate 2018

The 20 countries with the lowest inflation rate in 2018 (compared to the previous year)

by H. Plecher, last edited Jun 4, 2019
Countries with the lowest inflation rate 2018 The statistic lists the 20 countries with the lowest inflation rate in 2018. In 2018, St. Kitts and Nevis ranked 1st with a negative inflation rate of about 0.65 percent compared to the previous year.
Inflation rates and the financial crisis

Due to relatively stagnant worker wages as well as a hesitation from banks to so easily distribute loans to the ordinary citizen, inflation has remained considerably low. Low inflation rates are most apparent in European countries, which stems from the on-going Eurozone debt crisis as well as from the global financial crisis of 2008. With continuous economical struggles and a currently sensitive economic situation throughout Europe, precautions were taken in order to maintain stability and to prevent consequential breakdowns, such as those in Greece and Spain. Additionally, the average European consumer had to endure financial setbacks, causing doubt in the general future of the entire European Union, as evident in the consumer confidence statistics, which in turn raised the question, if several handpicked countries should step out of the EU in order to improve its economic position.

Greece, while perhaps experiencing the largest economic drought out of all European countries, improved on its inflation rate. The situation within the country is slowly improving itself as a result of a recent bailout as well as economic stimulus packages issued by the European Union. Furthermore, the Greek government managed its revenues and expenses more competently in comparison to the prime of the global and the Greek financial crisis, with annual expenses only slightly exceeding yearly revenues.
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The 20 countries with the lowest inflation rate in 2018 (compared to the previous year)

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Inflation rate compared to previous year
St. Kitts and Nevis -0.65%
Ecuador -0.22%
Djibouti -0.14%
Brunei Darussalam 0.15%
Qatar 0.22%
Côte d'Ivoire 0.28%
Belize 0.29%
Iraq 0.37%
Singapore 0.44%
Senegal 0.47%
Afghanistan 0.63%
Kuwait 0.7%
Denmark 0.71%
Ireland 0.72%
Togo 0.73%
Marshall Islands 0.76%
Panama 0.76%
Greece 0.77%
Cyprus 0.78%
Israel 0.82%
Inflation rate compared to previous year
St. Kitts and Nevis -0.65%
Ecuador -0.22%
Djibouti -0.14%
Brunei Darussalam 0.15%
Qatar 0.22%
Côte d'Ivoire 0.28%
Belize 0.29%
Iraq 0.37%
Singapore 0.44%
Senegal 0.47%
Afghanistan 0.63%
Kuwait 0.7%
Denmark 0.71%
Ireland 0.72%
Togo 0.73%
Marshall Islands 0.76%
Panama 0.76%
Greece 0.77%
Cyprus 0.78%
Israel 0.82%
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by H. Plecher, last edited Jun 4, 2019
The statistic lists the 20 countries with the lowest inflation rate in 2018. In 2018, St. Kitts and Nevis ranked 1st with a negative inflation rate of about 0.65 percent compared to the previous year.
Inflation rates and the financial crisis

Due to relatively stagnant worker wages as well as a hesitation from banks to so easily distribute loans to the ordinary citizen, inflation has remained considerably low. Low inflation rates are most apparent in European countries, which stems from the on-going Eurozone debt crisis as well as from the global financial crisis of 2008. With continuous economical struggles and a currently sensitive economic situation throughout Europe, precautions were taken in order to maintain stability and to prevent consequential breakdowns, such as those in Greece and Spain. Additionally, the average European consumer had to endure financial setbacks, causing doubt in the general future of the entire European Union, as evident in the consumer confidence statistics, which in turn raised the question, if several handpicked countries should step out of the EU in order to improve its economic position.

Greece, while perhaps experiencing the largest economic drought out of all European countries, improved on its inflation rate. The situation within the country is slowly improving itself as a result of a recent bailout as well as economic stimulus packages issued by the European Union. Furthermore, the Greek government managed its revenues and expenses more competently in comparison to the prime of the global and the Greek financial crisis, with annual expenses only slightly exceeding yearly revenues.
Show more
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