Annual Inflation Visualization (Least developed countries: UN classification)

Source: World Bank (1961-2023)

7.39% Historical average
22.21% Maximum recorded
0.67% Minimum recorded
63 Years of data

Historical Inflation Calculator for Least developed countries: UN classification

Calculate how the value of money has changed between two specific years in Least developed countries: UN classification.

Future Value Estimation

Estimate how the value of an amount of money will change in the future, given an average inflation rate.

Past Value Estimation

Estimate what the equivalent value of an amount of money would have been in the past, given an average inflation rate.

Historical inflation data for Least developed countries: UN classification

Year Inflation (%) Change
2023 4.94% -2.49pp
2022 7.42% +1.15pp
2021 6.27% +2.40pp
2020 3.87% -0.06pp
2019 3.93% -0.47pp
2018 4.40% +0.95pp
2017 3.45% -0.40pp
2016 3.85% +0.10pp
2015 3.75% +0.32pp
2014 3.43% -0.95pp
2013 4.38% -1.45pp
2012 5.82% -3.57pp
2011 9.39% +3.00pp
2010 6.39% +3.99pp
2009 2.41% -6.78pp
2008 9.19% +1.87pp
2007 7.32% +0.04pp
2006 7.28% -1.02pp
2005 8.30% +1.11pp
2004 7.19% -0.92pp
2003 8.11% +2.90pp
2002 5.21% -1.49pp
2001 6.70% +0.34pp
2000 6.35% -0.84pp
1999 7.19% -0.75pp
1998 7.94% +1.94pp
1997 6.01% -4.92pp
1996 10.92% -1.79pp
1995 12.71% -9.51pp
1994 22.21% +11.03pp
1993 11.18% -2.43pp
1992 13.61% +0.64pp
1991 12.97% +1.01pp
1990 11.96% +2.07pp
1989 9.89% +0.19pp
1988 9.71% -1.79pp
1987 11.49% +4.10pp
1986 7.39% -2.85pp
1985 10.24% -0.07pp
1984 10.32% -0.64pp
1983 10.96% +1.30pp
1982 9.66% +0.96pp
1981 8.70% -1.49pp
1980 10.19% +0.15pp
1979 10.04% +0.88pp
1978 9.16% +0.26pp
1977 8.90% +0.61pp
1976 8.28% -4.37pp
1975 12.66% -1.68pp
1974 14.33% +5.51pp
1973 8.82% +3.72pp
1972 5.10% +2.01pp
1971 3.09% -0.60pp
1970 3.69% -1.41pp
1969 5.10% +3.24pp
1968 1.86% +1.19pp
1967 0.67% -3.64pp
1966 4.31% +0.42pp
1965 3.89% +0.72pp
1964 3.17% -0.45pp
1963 3.62% +2.06pp
1962 1.56% -1.01pp
1961 2.58% -

About Least developed countries: UN classification inflation

Least developed countries: UN classification inflation measures the annual percentage change in the general level of consumer prices. This indicator is essential to understand how the purchasing power of money varies over time. Our Least developed countries: UN classification inflation calculator allows you to visualize these changes and calculate monetary equivalences between different years.

What is inflation?

Inflation is the sustained and generalized increase in the price level of goods and services in an economy over a period of time. When inflation rises, each monetary unit buys fewer products. The inflation rate is generally measured by the Consumer Price Index (CPI), which reflects changes in the cost of a representative basket of goods and services.

How to use this inflation calculator?

Our Least developed countries: UN classification inflation calculator offers three tools: 1) Historical calculator: enter a value and select two years to see how purchasing power has changed. 2) Future value: estimate what your money will be worth in the future with a projected inflation rate. 3) Past value: calculate the equivalent of a current amount in the past.

Data provided by the World Bank (World Bank Open Data). Data is updated annually.

Frequently Asked Questions

What is the current inflation in Least developed countries: UN classification?
According to the latest available World Bank data, Least developed countries: UN classification inflation in 2023 was 4.94%. This inflation rate represents the annual percentage change in the consumer price index (CPI).
How to calculate cumulative inflation in Least developed countries: UN classification?
To calculate cumulative inflation in Least developed countries: UN classification, use our historical calculator. Enter an initial value, select the start year and end year. The calculator will multiply the value by each year's inflation factors to give you the equivalent value and total cumulative inflation in percentage.
What was the highest inflation recorded in Least developed countries: UN classification?
You can check Least developed countries: UN classification's historical inflation in the chart and table on this page. The data shows the evolution of the annual inflation rate from 1961 to 2023, allowing you to identify periods of highest and lowest inflation.
How does inflation affect purchasing power?
Inflation reduces the purchasing power of money over time. For example, if inflation is 3% per year, what costs $100 today will cost $103 next year. Our inflation calculator helps you visualize exactly how much the real value of your money has changed in Least developed countries: UN classification.
What is the historical average inflation in Least developed countries: UN classification?
The historical average inflation in Least developed countries: UN classification can be calculated with the data on this page. Check the statistics in the chart section where we show the historical average, as well as the maximum and minimum values recorded during the period 1961-2023.
What is the CPI and how does it relate to inflation?
The CPI (Consumer Price Index) is an indicator that measures the price variation of a basket of goods and services representative of household consumption. The inflation rate is calculated as the percentage change in the CPI between two periods. Our Least developed countries: UN classification inflation data is based on the official CPI.