Inflation is usually estimated by calculating the inflation rate of a price

index, usually the Consumer Price Index.The Consumer Price Index

measures prices of a selection of goods and services purchased by a
"typical consumer".[4] The inflation rate is the percentage rate of change
of a price index over time.
The resulting inflation rate for the CPI in this one year period is 4.28%,
meaning the general level of prices for typical consumers rose by
approximately four percent .

World developed countries 0% to 4% typically; developing coun

5% to 20% typically; national inflation rates vary widely
individual cases; inflation rates have declined for most c
for the last several years, held in check by increasing
international competition from several low wage countrie
lower oil prices

The G20 nations represents 80-85% of the world economy so looking at

those 20 countries gives a quick picture of most of the world. 

2010 2009
South Africa 7% 11%
Argentina* 6% 8%
Brazil 4% 6%
Mexico 5% 5%
Canada 0% 2%
United States -1% 4%
China -1% 6%
Japan -1% 1%
South Korea 3% 5%
India 11% 8%
Indonesia 5% 10%
Saudi Arabia 5% 10%
France 0% 3%
Germany 0% 3%
Italy 1% 3%
Russia 12% 14%
Turkey 7% 10%
United
2% 4%
Kingdom
Australia 2% 4%

Argentina's inflation rate is considered to "lack credibility".  An unofficial

estimate of inflation rate is at 22%

As you can see a few countries have negative inflation or in other words
they are seeing deflation. 

Almost every nation on the list has lower inflation in 2010 than 2009.  
Only India has seen inflation increase.  Average inflation rate is 3.5% in
2010 and it was 6.2% in 2009.    Median rate is 3.0% in 2010 versus a
5.0% median in 2009.

ONCE again the spectre of inflation is haunting financial

markets. Around the world, it has risen by more than expected
this year. Rising bond yields suggest that investors fear worse
to come. The yield on ten-year American Treasuries hit 4.8%
this week, having dipped briefly to 3.1% a year ago. Have
central banks underestimated the inflationary consequences of
their unusually low interest rates?

A flurry of numbers in the past week has shown a widespread

rise in inflation. America's 12-month rate of consumer-price
inflation rose to 3.1% in May, up from 1.7% in February. Since
the start of this year, prices have surged at an annual rate of
5.1%. In the euro area, inflation has jumped from 1.6% in
February to 2.5% in May, well above the 2% ceiling of the
European Central Bank's inflation target.

China's inflation rate has risen to 4.4%, up from less than 1%

a year ago and its highest for seven years. Even in Japan,
which has suffered six years of falling prices, there are clear
signs that deflation is easing. Consumer-price inflation is still
negative, but the corporate-goods price index rose by 1.1% in
the year to May, its largest increase since 1997. Many
economists now expect Japan's consumer-price inflation to
turn positive by the end of the year.
ome of the increase in inflation is due to higher oil prices,
although these have eased in the past two weeks. However, oil
is only part of the problem. The prices of other raw materials
and food have also shot up. The Economist's commodity-price
index has risen by 22% over the past 12 months. The euro
area's core inflation rate (excluding energy, food and tobacco)
has edged up slightly this year, to 1.8%. In America, core
inflation has risen more steeply, from 1.1% in the year to
December to 1.7% in May. During the past three months, it
has been running at an annual rate of 3.3%. Goods prices that
had been falling, such as those of cars, furniture and clothes,
are picking up.

Households have spotted this trend. The University of

Michigan's survey of households' expectation of inflation over
the next 12 months has risen from 1.7% to 3.2% over the
past year. Bond investors' inflationary expectations, as
measured by the gap between yields on conventional and
index-linked Treasury bonds, have also risen in America and
the euro area.

Until a few months ago, the conventional wisdom was that the
world was awash with spare capacity, which would keep
inflation in check. It now seems that America may have rather
less slack than had been thought. The Federal Reserve's
measure of capacity utilisation in manufacturing is still less
than 78%, well below its long-run average. But many
economists reckon that this currently overstates capacity
because it fails to adjust for obsolete capital equipment and a
faster pace of scrapping. Another measure, based on a survey
of manufacturers by the Institute of Supply Management,
suggests that firms are operating much closer to full capacity
(see chart). Anecdotal reports confirm that firms are finding it
easier to increase their prices in many industries, such as
electronics, cars, steel and software.

In labour markets there is still little sign of overheating in

most countries: wage claims remain muted. That said, in
America productivity growth is slowing as employment picks
up. So unit labour costs, which fell last year, are now rising
again.
1 San Marino -3.50 2008

2 Seychelles -2.20 2010 est.

3 Ireland -1.50 2010 est.

4 Gabon -1.30 2010 est.

5 Latvia -1.20 2010 est.

6 Faroe Islands -1.10 2009

7 Japan -0.90 2010 est.

8 Northern Mariana Islands -0.80 2000

9 Dominica 0.10 2009 est.

10 Niger 0.10 2007 est.

11 Kiribati 0.20 2007 est.

12 Liechtenstein 0.50 2009

13 Cuba 0.70 2010 est.

14 Switzerland 0.70 2010 est.

15 Sint Maarten 0.70 2009 est.

16 El Salvador 0.80 2010 est.

Saint Vincent and the

17 Grenadines
0.80 2009 est.

18 Central African Republic 0.90 2007 est.

19 Lithuania 0.90 2010 est.

20 Germany 1.00 2010 est.

21 Finland 1.10 2010 est.

22 Portugal 1.10 2010 est.

23 French Polynesia 1.10 2007

24 Netherlands 1.10 2010 est.

25 Qatar 1.10 2010 est.

26 Macau 1.20 December 2009

27 Senegal 1.20 2010 est.

28 Slovakia 1.20 2010 est.

29 Croatia 1.30 2010 est.

30 Spain 1.30 2010 est.

31 Taiwan 1.30 2010 est.

32 Burkina Faso 1.40 2010 est.

33 United States 1.40 2010 est.

34 New Caledonia 1.40 2000 est.

35 Cote d'Ivoire 1.40 2010 est.

36 Sweden 1.40 2010 est.

37 Italy 1.40 2010 est.

38 Antigua and Barbuda 1.50 2007 est.

39 Macedonia 1.50 2010 est.

40 France 1.50 2010 est.

41 Austria 1.50 2010 est.

42 Benin 1.60 2010 est.

43 Canada 1.60 2010 est.

44 Czech Republic 1.60 2010 est.

45 Chile 1.70 2010 est.

46 European Union 1.70 2010 est.

47 Curacao 1.70 2009 est,

48 Malta 1.70 2010 est.

49 Mayotte 1.70 2005

50 Malaysia 1.80 2010 est.

51 Peru 1.80 2010 est.

52 Bosnia and Herzegovina 1.90 2010 est.

53 Cameroon 1.90 2010 est.

54 Saint Lucia 1.90 2007 est.

55 Monaco 1.90 2000

56 Bolivia 2.10 2010 est.

57 Bulgaria 2.10 2010 est.

58 Luxembourg 2.10 2010 est.

59 Cook Islands 2.10 2005 est.

60 Slovenia 2.10 2010 est.

61 Netherlands Antilles 2.10 2003 est.

62 Cyprus 2.20 2010 est.

63 Denmark 2.20 2010 est.

64 Hong Kong 2.20 2010 est.

65 Virgin Islands 2.20 2003

66 United Arab Emirates 2.20 2010 est.

Micronesia, Federated
67 States of
2.20 2005

68 Andorra 2.30 2008

69 Belgium 2.30 2010 est.

70 Bahamas, The 2.40 2007 est.

71 Norway 2.40 2010 est.

72 Estonia 2.40 2010 est.

73 Poland 2.40 2010 est.

74 Cape Verde 2.50 2010 est.

75 Mali 2.50 2007 est.

76 Morocco 2.50 2010 est.

77 Colombia 2.60 2010 est.

78 Togo 2.60 2010 est.

79 Gibraltar 2.60 2006

80 Israel 2.60 2010 est.

81 New Zealand 2.60 2010 est.

82 Singapore 2.60 2010 est.

83 Montserrat 2.60 2002 est.

84 Brunei 2.70 2008 est.

85 Palau 2.70 2005 est.

86 Bermuda 2.80 November 2005

87 Wallis and Futuna 2.80 2005

88 Australia 2.90 2010 est.

89 Mauritius 2.90 2010 est.

90 Comoros 3.00 2007 est.

91 Libya 3.00 2010 est.

92 Korea, South 3.00 2010 est.

93 Isle of Man 3.10 December 2006 es

Saint Helena, Ascension,

94 and Tristan da Cunha
3.20 1997 est.

95 Bahr ain 3.30 2010 est.

96 Panama 3.30 2010 est.

97 Thailand 3.30 2010 est.

98 United Kingdom 3.30 2010 est.

99 Albania 3.40 2010 est.

100 Aruba 3.40 2005

101 Guernsey 3.40 June 2006

102 Montenegro 3.40 2007

103 West Bank 3.50 2010 est.

104 Ecuador 3.60 2010 est.

Falkland Islands (Islas

105 Malvinas)
3.60 1998

106 Grenada 3.70 2007 est.

107 Jersey 3.70 December 2006

108 Lebanon 3.70 2010 est.

109 Guinea-Bissau 3.80 2007 est.

110 Kuwait 3.80 2010 est.

111 Tuvalu 3.80 2006 est.

112 Guatemala 3.90 2010 est.

113 Vanuatu 3.90 2007 est.

114 Chad 4.00 2010 est.

115 Turks and Caicos Islands 4.00 1995

116 Oman 4.00 2010 est.

117 Niue 4.00 2005

118 Belize 4.10 2010 est.

119 Cambodia 4.10 2010 est.

120 Cayman Islands 4.10 2008

121 Mexico 4.10 2010 est.

122 Iraq 4.20 2010 est.

123 Kenya 4.20 2010 est.

124 Paraguay 4.20 2010 est.

125 Philippines 4.20 2010 est.

126 Mongolia 4.20 2009 est.

127 Bhutan 4.30 2008 est.

128 Jordan 4.40 2010 est.

129 Greece 4.50 2010 est.

130 Hungary 4.50 2010 est.

131 Saint Kitts and Nevis 4.50 2007 est.

132 Tunisia 4.50 2010 est.

133 South Africa 4.50 2010 est.

134 Haiti 4.60 2010 est.

135 Honduras 4.60 2010 est.

136 Namibia 4.60 2010 est.

137 Nicaragua 4.70 2010 est.

138 Fiji 4.80 2007

139 Kyrgyzstan 4.80 2010 est.

140 Brazil 4.90 2010 est.

141 Serbia 4.90 2010 est.

142 Algeria 5.00 2010 est.

143 Swaziland 5.00 2010 est.

144 China 5.00 2010 est.

145 Zimbabwe 5.03 2010 est.

146 Azerbaijan 5.10 2010 est.

147 Congo, Republic of the 5.20 2010 est.

148 Indonesia 5.20 2010 est.

149 Anguilla 5.30 2006 est.

150 Kosovo 5.30 2007 est.

151 Barbados 5.50 2007 est.

152 Gambia, The 5.50 2010 est.

153 Iceland 5.50 2010 est.

154 Sri Lanka 5.60 2010 est.

155 Georgia 5.70 2010 est.

156 Saudi Arabia 5.70 2010 est.

157 Costa Rica 5.80 2010 est.

158 Tajikistan 5.80 2010 est.

159 Syria 5.90 2010 est.

160 Tonga 5.90 2007 est.

161 Djibouti 6.00 2009 est.

162 Romania 6.00 2010 est.

163 Samoa 6.00 2007 est.

164 Lesotho 6.10 2010 est.

165 Laos 6.20 2010 est.

166 Dominican Republic 6.30 2010 est.

167 Solomon Islands 6.30 2007 est.

168 Rwanda 6.40 2010 est.

169 Suriname 6.40 2007 est.

170 Puerto Rico 6.50 2003 est.

171 Kazakhstan 6.70 2010 est.

172 Russia 6.70 2010 est.

173 Guyana 6.80 2010 est.

174 Uruguay 6.80 2010 est.

175 Papua New Guinea 6.80 2010 est.

176 Armenia 6.90 2010 est.

177 Belarus 7.00 2010 est.

178 Ethiopia 7.00 2010 est.

179 Botswana 7.10 2010 est.

180 British Virgin Islands 7.10 2008

181 Burundi 7.20 2010 est.

182 Tanzania 7.20 2010 est.

183 Maldives 7.30 2009 est.

184 Mauritania 7.30 2007 est.

185 Moldova 7.30 2010 est.

186 Timor-Leste 7.80 2007 est.

187 Malawi 8.00 2010 est.

188 Bangladesh 8.10 2010 est.

189 Madagascar 8.10 2010 est.

190 Saint Pierre and Miquelon 8.10 2005

191 Equatorial Guinea 8.20 2010 est.

192 Zambia 8.50 2010 est.

193 Nepal 8.60 September 2010

194 Turkey 8.70 2010 est.

195 Greenland 9.40 2008 est.

196 Uganda 9.40 2010 est.

197 Burma 9.60 2010 est.

198 Ukraine 9.80 2010 est.

199 Gaza Strip 9.90 2009 est.

200 Ghana 10.90 2010 est.

201 Argentina 11.00 2010 est.

202 Vietnam 11.10 2010 est.

203 Liberia 11.20 2007 est.

204 Trinidad and Tobago 11.30 2010 est.

205 India 11.70 2010 est.

206 Sierra Leone 11.70 2007 est.

207 Iran 11.80 2010 est.

208 Sudan 11.80 2010 est.

209 Turkmenistan 12.00 2010 est.

210 Yemen 12.20 2010 est.

211 Egypt 12.80 2010 est.

212 Marshall Islands 12.90 2008 est.

213 Jamaica 13.00 2010 est.

214 Sao Tome and Principe 13.00 2010 est.

215 Afghanistan 13.30 2009 est.

216 Angola 13.30 2010 est.

217 Pakistan 13.40 2010 est.

218 Mozambique 13.50 2010 est.

219 Nigeria 13.90 2010 est.

220 Guinea 15.00 2010 est.

221 Uzbekistan 15.00 2010 est.

222 Eritrea 20.00 2010 est.

Congo, Democratic
223 Republic of the
26.20 2010 est.

224 Venezuela 29.80 2010 est.