The 20 countries with the lowest inflation rate in 2017 (compared to the previous year)

Countries with the lowest inflation rate 2017 The statistic lists the 20 countries with the lowest inflation rate in 2017. In 2017, Solomon Islands ranked 1st with a negative inflation rate of about 0.46 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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Inflation rate compared to previous year
Solomon Islands -0.46%
Republic of Congo -0.45%
Brunei Darussalam -0.18%
Saudi Arabia -0.16%
Israel 0.17%
St. Lucia 0.16%
Mali 0.18%
Chad 0.21%
FYR Macedonia 0.27%
Japan 0.37%
Ireland 0.43%
Switzerland 0.47%
Dominica 0.56%
Thailand 0.59%
Cameroon 0.67%
Ecuador 0.68%
Marshall Islands 0.7%
El Salvador 0.76%
Cyprus 0.8%
Togo 0.8%
Inflation rate compared to previous year
Solomon Islands -0.46%
Republic of Congo -0.45%
Brunei Darussalam -0.18%
Saudi Arabia -0.16%
Israel 0.17%
St. Lucia 0.16%
Mali 0.18%
Chad 0.21%
FYR Macedonia 0.27%
Japan 0.37%
Ireland 0.43%
Switzerland 0.47%
Dominica 0.56%
Thailand 0.59%
Cameroon 0.67%
Ecuador 0.68%
Marshall Islands 0.7%
El Salvador 0.76%
Cyprus 0.8%
Togo 0.8%
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Description Source More information
The statistic lists the 20 countries with the lowest inflation rate in 2017. In 2017, Solomon Islands ranked 1st with a negative inflation rate of about 0.46 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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Release date
April 2018
Region
Worldwide
Survey time period
2017
Supplementary notes
According to the source, all values are estimates.

Figures have been rounded to provide a better understanding of the statistic.

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