What is Russia's inflation rate?

In January 2023, the inflation rate in Russia stood at nearly 11.8 percent compared to the same month of the previous year. The figure marked a decrease from April 2022, when it stood at almost 18 percent.

What is Russia's inflation rate today?

The annual inflation rate in Russia edged down to 11.8 percent in January of 2023 from 11.9 percent in December, missing market expectations of 11.5 percent. Still, it is the ninth consecutive month of a slowdown in inflation to its lowest since February last year.

What is China inflation rate 2022?

In January 2023, the monthly inflation rate in China ranged at 2.1 percent compared to the same month in the previous year. Inflation peaked at 2.8 percent in September 2022, but has slightly eased recently. The annual average inflation rate in China ranged at 2.0 percent in 2022.

What is China's inflation rate?

Basic Info. China Inflation Rate is at 0.80%, compared to 1.80% last month and 0.90% last year. This is lower than the long term average of 1.98%.

What is Germany's inflation rate?

9 February 2023 Inflation rate of +8.7% expected in January 2023. The inflation rate in Germany is expected to be +8.7% in January 2023. It is measured as the change in the consumer price index (CPI) compared with the same month a year earlier.

RUSSIAN Economy is CRASHING as Central Bank SLASHES Interest Rates Despite SKY-HIGH INFLATION

What is United States inflation rate?

The annual inflation rate for the United States is 6.4% for the 12 months ended January 2023 after rising 6.5% previously, according to U.S. Labor Department data published Feb. 14. The next inflation update is scheduled for release on March 14 at 8:30 a.m. ET.

What is the highest inflation rate the US has ever had?

Inflation Rate in the United States averaged 3.29 percent from 1914 until 2023, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921.

Is inflation the highest it's ever been in the US?

The Federal Reserve uses monetary policy to achieve its target rate of 2% inflation. In 2022 in the wake of the COVID-19 pandemic, inflation reached 8.5%, its highest rate since 1982.

What is Japan's inflation rate?

Japan Inflation Rate is at 4.00%, compared to 3.80% last month and 0.80% last year. This is higher than the long term average of 2.41%.

What is Canada's inflation rate 2022?

The increase in 2022 was a 40-year high, the largest increase since 1982 (+10.9%). Excluding energy, the annual average CPI rose 5.7% in 2022 compared with 2.4% in 2021.

Does Japan have inflation?

Japan has one of the lowest inflation rates in the world, and has bucked the trend of other G7 countries that have gradually raised interest rates to curb soaring prices. The annual inflation rate in the US is 7.1% while it is 11.1% in the EU and 10.1% in the UK.

What country has the lowest inflation rate?

Of the major developed and emerging economies, China was the country with the lowest inflation rate in October 2022, with 2.1 percent (compared to the same month of the previous year). On the other end of the spectrum, the inflation rate in Russia stood at 12.6 percent in the same month.

What is Russia's unemployment rate?

Unemployment Rate in Russia averaged 7.17 percent from 1992 until 2022, reaching an all time high of 14.10 percent in February of 1999 and a record low of 3.70 percent in November of 2022.

Who benefits from inflation?

Collectors. Historically, collectibles like fine art, wine, or baseball cards can benefit from inflationary periods as the dollar loses purchasing power. During high inflation, investors often turn to hard assets that are more likely to retain their value through market volatility.

Why is China's inflation rate so low?

Overall, inflation levels in China, the world's second-largest economy after the U.S., have been relatively much lower than in other major economies. This is because the country's zero COVID policy led to lockdowns and impacted consumer demand.

Will food prices go down in 2023?

Food prices are expected to grow more slowly in 2023 than in 2022 but still at above historical average rates. In 2023, all food prices are predicted to increase 7.1 percent, with a prediction interval of 4.2 to 10.1 percent.

What happens if US inflation is too high?

Inflation is measured by the consumer price index (CPI), and at low rates, it keeps the economy healthy. But when the rate of inflation rises rapidly, it can result in lower purchasing power, higher interest rates, slower economic growth and other negative economic effects.

When was the worst inflation in history?

The Post-World War II hyperinflation of Hungary held the record for the most extreme monthly inflation rate ever – 41.9 quadrillion percent (4.19 × 10¹⁶%; 41,900,000,000,000,000%) for July 1946, amounting to prices doubling every 15.3 hours.

What is Canada's inflation rate today?

Basic Info. Canada Inflation Rate is at 6.32%, compared to 6.80% last month and 4.80% last year. This is higher than the long term average of 3.14%.

What is causing inflation?

At its root, inflation is driven by too much demand relative to supply.

What is India's inflation rate?

Average Inflation Rate in India

In 2022, CPI hit the highest of 7.79% in Apr, and WPI reached 15.88% in May. Compared to inflation in Jan. 2020, CPI is down 1.09%, whereas WPI is up 1.72%.