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Inflation worldwide - Statistics & Facts

Inflation is the phenomenon of prices increasing for all goods. Most central banks have a target of low and constant inflation, generally between 1.5 and four percent per year. However, many global regions overshoot this. High inflation can lead to lower purchasing power, as prices tend to grow before wages, and those with savings or living on a fixed income see their buying power erode. Hyperinflation, the extreme example of this phenomenon, can lead to total economic collapse as the currency loses value so quickly that it essentially becomes worthless. Negative inflation, commonly called deflation, is also a problem because companies and financers delay investments, leading to stagnant economic growth.

Inflation expectations

One of the major influences of inflation is expectations. If workers expect prices to rise, they demand higher pay, and their employers must raise prices to cover this cost. However, since the Eurozone Crisis, the largest economies in Europe have struggled against expectations of deflation. Japan has struggled with this for years, with both fiscal and monetary policy unable to keep inflation above one percent due in large part to expectations of deflation. The forecast for Japan and other countries suggests that this deflationary pressure may persist for some time.

Ways of measuring inflation

Inflation in often measured by the consumer price index (CPI), often reported without food and fuel prices. This represents a measure of costs that consumers face, calculated to represent how much changing prices affects consumers. However, those more interested in business look to the producer price index (PPI) or others, which represent the costs to firms and may influence financial markets differently. Because each sector experiences inflation in a different way, many analysts also look at the CPI in their selected industries. Similarly, different people have different economic interests. Older generations, more interested in the changing price level due to their tendency to live on a fixed pension, consider inflation to be a greater concern than younger people.

Key figures

The most important key figures provide you with a compact summary of the topic of "Inflation worldwide" and take you straight to the corresponding statistics.

Country comparison

Inflation rates in selected countries

Forecasts

Consumer Price Index

Industry comparison

Perception of inflation

Other price indices

Interesting statistics

In the following 8 chapters, you will quickly find the 43 most important statistics relating to "Inflation worldwide".

Inflation worldwide

Dossier on the topic

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Inflation worldwide - Statistics & Facts

Inflation is the phenomenon of prices increasing for all goods. Most central banks have a target of low and constant inflation, generally between 1.5 and four percent per year. However, many global regions overshoot this. High inflation can lead to lower purchasing power, as prices tend to grow before wages, and those with savings or living on a fixed income see their buying power erode. Hyperinflation, the extreme example of this phenomenon, can lead to total economic collapse as the currency loses value so quickly that it essentially becomes worthless. Negative inflation, commonly called deflation, is also a problem because companies and financers delay investments, leading to stagnant economic growth.

Inflation expectations

One of the major influences of inflation is expectations. If workers expect prices to rise, they demand higher pay, and their employers must raise prices to cover this cost. However, since the Eurozone Crisis, the largest economies in Europe have struggled against expectations of deflation. Japan has struggled with this for years, with both fiscal and monetary policy unable to keep inflation above one percent due in large part to expectations of deflation. The forecast for Japan and other countries suggests that this deflationary pressure may persist for some time.

Ways of measuring inflation

Inflation in often measured by the consumer price index (CPI), often reported without food and fuel prices. This represents a measure of costs that consumers face, calculated to represent how much changing prices affects consumers. However, those more interested in business look to the producer price index (PPI) or others, which represent the costs to firms and may influence financial markets differently. Because each sector experiences inflation in a different way, many analysts also look at the CPI in their selected industries. Similarly, different people have different economic interests. Older generations, more interested in the changing price level due to their tendency to live on a fixed pension, consider inflation to be a greater concern than younger people.

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