Inflation - Country rankings:
The average for 2016 was 5.1 percent.The highest value was in Venezuela: 254.9 percent and the lowest value was in Saint Lucia: -3.1 percent. Below is a chart for all countries where data are available for: Inflation.
Definition: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.