Inflation rates around the world

Image: Let's take a look at the inflation rate around the world.
Photographs: Vivek Prakash/Reuters

Inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services.

Consequently, inflation also reflects an erosion in the purchasing power of money - a loss of real value in the internal medium of exchange and unit of account in the economy.

Let's take a look at the inflation rate around the world.

Source: Business Insider

India

Inflation target: N/A

May's inflation rate (WPI): 7.55 per cent

Morgan Stanley's 12 month forecast rate: 7.1 per cent

...

Tags: Morgan Stanley , Business Insider , WPI , Inflation

Inflation rates around the world

Image: Overview of Buenos Aires' 9 de Julio Avenue with the Obelisk in the background.
Photographs: Enrique Marcarian/Reuters

Argentina

Inflation target: 15.5-24.2 per cent

Last month's inflation rate: 9.8 per cent

Morgan Stanley's 12 month forecast rate: 10.3 per cent

...

Tags: Morgan Stanley , Argentina

Inflation rates around the world

Image: Shoppers stroll through a central Perth arcade.
Photographs: Tim Wimborne/Reuters

Australia

Inflation target: 2-3 per cent

Last month's inflation rate: 1.6 per cent

Morgan Stanley's 12 month forecast rate: 2.7 per cent

...

Tags: Morgan Stanley , Australia

Inflation rates around the world

Image: A rainbow forms after a cloudburst over Brazilian Congress in capital Brasilia.
Photographs: Jamil Bittar/Reuters

Brazil

Inflation target: 4.5+/-2.0 per cent

Last month's inflation rate: 5.0 per cent

Morgan Stanley's 12 month forecast rate: 5.7 per cent

...

Tags: Morgan Stanley , Brazil

Inflation rates around the world

Image: Eaton Centre, a shopping mall, in Toronto.
Photographs: Stringer/Reuters

Canada

Inflation target: 1-3 per cent

Last month's inflation rate: 1.9 per cent

Morgan Stanley's 12 month forecast rate: 1.7 per cent

...

Tags: Morgan Stanley

Inflation rates around the world

Image: A view of Santiago City.
Photographs: Victor Ruiz Caballero/Reuters

Chile

Inflation target: 3+/-1 per cent

Last month's inflation rate: 3.1 per cent

Morgan Stanley's 12 month forecast rate: 3.2 per cent

...

Tags: Morgan Stanley

Inflation rates around the world

Image: Tourists take pictures in front of a snow sculpture in Harbin, Heilongjiang province, China.
Photographs: Sheng Li/Reuters

China

Inflation target: N/A

Last month's inflation rate: 3.0 per cent

Morgan Stanley's 12 month forecast rate: 3.2 per cent

...

Tags: Morgan Stanley , China

Inflation rates around the world

Image: A view of illuminated Christmas decorations at Monserrate church in capital Bogota.
Photographs: John Vizcaino/Reuters

Colombia

Inflation target: 3+/-1 per cent

Last month's inflation rate: 3.4 per cent

Morgan Stanley's 12 month forecast rate: 3.6 per cent

...

Tags: Morgan Stanley , Colombia

Inflation rates around the world

Image: A tourist looks at Czech capital Prague from Old Town Hall Tower at historical Old Town Square.
Photographs: Petr Josek/Reuters

Czech Republic

Inflation target: 2.0+/-1 per cent

Last month's inflation rate: 3.2 per cent

Morgan Stanley's 12 month forecast rate: 1.7 per cent

...

Tags: Morgan Stanley , Czech Republic , Inflation

Inflation rates around the world

Image: An aerial view showing the Legislative Council building located in Hong Kong's Central business district.
Photographs: Bobby Yip/Reuters

Hong Kong

Inflation target: N/A

Last month's inflation rate: 4.7 per cent

Morgan Stanley's 12 month forecast rate: 4.5 per cent

...

Tags: Morgan Stanley

Inflation rates around the world

Image: Men hold onto a girl as they throw water at her as part of traditional Easter celebrations in Holloko, 100km east of Budapest.
Photographs: Laszlo Balogh/Reuters

Hungary

Inflation target: 3.0 per cent

Last month's inflation rate: 5.3 per cent

Morgan Stanley's 12 month forecast rate: 3.6 per cent

...

Tags: Morgan Stanley , Hungary

Inflation rates around the world

Image: Women walk past a shop selling luxury shoes and bags at a shopping mall in Jakarta.
Photographs: Enny Nuraheni/Reuters

Indonesia

Inflation target: 5+/-1.0 per cent

Last month's inflation rate: 4.5 per cent

Morgan Stanley's 12 month forecast rate: 5.1 per cent

...

Tags: Morgan Stanley , Indonesia

Inflation rates around the world

Image: People walk past a cafe in Tel Aviv.
Photographs: Sharon Perry/Reuters

Israel

Inflation target: 1-3 per cent

Last month's inflation rate: 2.1 per cent

Morgan Stanley's 12 month forecast rate: 2.1 per cent

...

Tags: Morgan Stanley , Israel

Inflation rates around the world

Image: Japan's Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo.
Photographs: Kimimasa Mayama/Reuters

Japan

Inflation target: 0-2 per cent

Last month's inflation rate: 0-2 per cent

Morgan Stanley's 12 month forecast rate: 0-2 per cent

...

Tags: Morgan Stanley , Japan

Inflation rates around the world

Image: A view of Malaysia's landmark 452-metre Petronas Twin Towers and the 421-metre Kuala Lumpur Tower.
Photographs: Bazuki Muhammad/Reuters

Malaysia

Inflation target: 2.0 per cent

Last month's inflation rate: 1.9 per cent

Morgan Stanley's 12 month forecast rate: 3.2 per cent

...

Tags: Morgan Stanley , Malaysia

Inflation rates around the world

Image: People walk outside the Soumaya Museum in Mexico City.
Photographs: Jorge Dan Lopez/Reuters

Mexico

Inflation target: 3+/-1 per cent

Last month's inflation rate: 3.9 per cent

Morgan Stanley's 12 month forecast rate: 3.5 per cent

...

Tags: Morgan Stanley , Mexico

Inflation rates around the world

Image: People cross a street after rainfall in central Auckland.
Photographs: Stefan Wermuth/Reuters

New Zealand

Inflation target: 1-3 per cent

Last month's inflation rate: 1.6 per cent

Morgan Stanley's 12 month forecast rate: N/A

...

Tags: Morgan Stanley , New Zealand

Inflation rates around the world

Image: A view of Tinapa Business resort project in Calabar, Delta region, Nigeria.
Photographs: Akintunde Akinleye/Reuters

Nigeria

Inflation target: N/A

Last month's inflation rate: 12.8 per cent

Morgan Stanley's 12 month forecast rate: 11.3 per cent

...

Tags: Morgan Stanley , Nigeria , Inflation

Inflation rates around the world

Image: Couple walks past The Monolith sculptures in the Vigeland Sculpture Park in Oslo.
Photographs: Stoyan Nenov/Reuters

Norway

Inflation target: 2.5 per cent

Last month's inflation rate: 0.3 per cent

Morgan Stanley's 12 month forecast rate: N/A

...

Tags: Morgan Stanley

Inflation rates around the world

Image: A boy slides down with a float at a big water slide at a water park in Lima.
Photographs: Enrique Castro-Mendivil/Reuters

Peru

Inflation target: 2+/-1 per cent

Last month's inflation rate: 4.1 per cent

Morgan Stanley's 12 month forecast rate: 3.8 per cent

...

Tags: Morgan Stanley , Inflation , Peru

Inflation rates around the world

Image: People walk at Plac Zamkowy in Warsaw's Old Town.
Photographs: Kacper Pempel/Reuters

Poland

Inflation target: 2.5 per cent

Last month's inflation rate: 3.6 per cent

Morgan Stanley's 12 month forecast rate: 2.8 per cent

...

Tags: Morgan Stanley , Poland

Inflation rates around the world

Image: A woman walks down the steps in front of Romania's National Library during its official opening ceremony in Bucharest.
Photographs: Bogdan Cristel/Reuters

Romania

Inflation target: 3.0 per cent

Last month's inflation rate: 1.8 per cent

Morgan Stanley's 12 month forecast rate: 3.6 per cent

...

Tags: Morgan Stanley , Romania

Inflation rates around the world

Image: A view of Moscow's Kremlin, Ministry of Foreign affairs and Moscow City business district.
Photographs: Anton Golubev/Reuters

Russia

Inflation target: 3.0 per cent

Last month's inflation rate: 3.6 per cent

Morgan Stanley's 12 month forecast rate: 6.5 per cent

...

Tags: Morgan Stanley , Russia

Inflation rates around the world

Image: A lioness plays with her cub at the Lions Park near Johannesburg.
Photographs: Radu Sigheti/Reuters

South Africa

Inflation target: 3-6 per cent

Last month's inflation rate: 6.1 per cent

Morgan Stanley's 12 month forecast rate: 5.4 per cent

...

Tags: Morgan Stanley , South Africa

Inflation rates around the world

Image: People walk on the street in central Seoul.
Photographs: Lee Jae Won/Reuters

South Korea

Inflation target: 2-4 per cent

Last month's inflation rate: 2.5 per cent

Morgan Stanley's 12 month forecast rate: 2.7 per cent

...

Tags: Morgan Stanley , South Korea

Inflation rates around the world

Image: Pedestrians walk down the main shopping street in Stockholm's Gamla Stan or Old Town district.
Photographs: Bob Strong/Reuters

Sweden

Inflation target: 2.0 per cent

Last month's inflation rate: 1.3 per cent

Morgan Stanley's 12 month forecast rate: 2.2 per cent

...

Tags: Morgan Stanley , Sweden

Inflation rates around the world

Image: People walk on Zurich's main shopping street Bahnhofstrasse.
Photographs: Arnd Wiegmann/Reuters

Switzerland

Inflation target: -2.0 per cent

Last month's inflation rate: 1.3 per cent

Morgan Stanley's 12 month forecast rate: N/A

...

Tags: Morgan Stanley , Switzerland

Inflation rates around the world

Image: A man rides a bicycle in front of Taiwan's landmark Chiang Kai-shek Memorial hall in Taipei.
Photographs: Pichi Chuang/Reuters

Taiwan

Inflation target: N/A

Last month's inflation rate: 1.7 per cent

Morgan Stanley's 12 month forecast rate: 1.0 per cent

...

Tags: Morgan Stanley , Taiwan

Inflation rates around the world

Image: Pedestrians walk across Westminster Bridge in front of the Big Ben Clock Tower in London.
Photographs: Stefan Wermuth/Reuters

The United Kingdom

Inflation target: 2 per cent

Last month's inflation rate: 3.0 per cent

Morgan Stanley's 12 month forecast rate: 2.1 per cent

...

Tags: Morgan Stanley , United Kingdom , Inflation

Inflation rates around the world

Image: Signs of fast food restaurants are seen along a busy street in Los Angeles.
Photographs: David McNew/Reuters

The United States

Inflation target: 2.0 per cent

Last month's inflation rate: 1.9 per cent

Morgan Stanley's 12 month forecast rate: 2.0 per cent

Tags: Morgan Stanley , United States

More