What's Happening?
The World Bank's Prospects Group has developed a global database of inflation, covering up to 209 countries from 1970 to 2025. This database includes six measures of inflation, such as the consumer price index (CPI) and producer price index, available in annual, quarterly, and monthly frequencies. The database provides insights into the evolution of global inflation, its behavior during recessions, and the influence of common factors on inflation measures. This extensive dataset is a valuable resource for researchers and policymakers analyzing historical inflation trends and their implications.
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Why It's Important?
The World Bank's database is a critical tool for understanding long-term inflation trends and their impact on global economies. By providing detailed historical data, the database allows for the analysis of inflation patterns and the factors driving them. This information is essential for policymakers and economists as they develop strategies to manage inflation and promote economic stability. The database also facilitates cross-country comparisons, helping to identify successful inflation management practices and potential areas for improvement.
What's Next?
The World Bank will continue to update the database biannually, ensuring that it remains a relevant and reliable resource for analyzing inflation trends. Researchers and policymakers will likely use this data to inform future economic policies and strategies. As global economic conditions evolve, the database will provide valuable insights into the effectiveness of different inflation management approaches and their impact on economic growth.
