Lower middle income Countries Ranked by Inflation rate (2025)
Inflation rate: each country's latest value (2020–2025), ranked from highest to lowest. Source: The World Bank (CC BY 4.0).
Summary
Zimbabwe ranks #1 with 104.7% per year (consumer prices) (2022). That is 3.7 times Haiti in second place (28.6% per year (consumer prices)). The top five are Zimbabwe, Haiti, Nigeria, Angola and Bolivia. The median across all 44 is 3.56% per year (consumer prices); Djibouti is last at -0.314% per year (consumer prices). Zimbabwe's figure has risen 3364% since 2010 (3.02% per year (consumer prices) to 104.7% per year (consumer prices) in 2022).
- #1
- Zimbabwe · 104.7% per year (consumer prices)
- Median
- 3.56% per year (consumer prices)
- Coverage
- 44 Lower middle income countries
- Data year
- 2025
- Last updated
- 2026-11-14
Full ranking
| Rank | Country | Inflation rate (% per year (consumer prices)) | Year |
|---|---|---|---|
| 1 | Zimbabwe | 104.7 | 2022 |
| 2 | Haiti | 28.6 | 2025 |
| 3 | Nigeria | 23 | 2025 |
| 4 | Angola | 20.2 | 2025 |
| 5 | Bolivia | 19.5 | 2025 |
| 6 | Lebanon | 14.6 | 2025 |
| 7 | Ghana | 14.2 | 2025 |
| 8 | Egypt, Arab Rep. | 14.1 | 2025 |
| 9 | Zambia | 13.9 | 2025 |
| 10 | São Tomé and Principe | 11 | 2025 |
| 11 | West Bank and Gaza | 9.81 | 2025 |
| 12 | Uzbekistan | 8.8 | 2025 |
| 13 | Bangladesh | 8.77 | 2025 |
| 14 | Kyrgyz Republic | 8.22 | 2025 |
| 15 | Lao PDR | 7.74 | 2025 |
| 16 | Kiribati | 6.51 | 2025 |
| 17 | Tunisia | 5.15 | 2025 |
| 18 | Honduras | 4.6 | 2025 |
| 19 | Papua New Guinea | 4.42 | 2025 |
| 20 | Lesotho | 4.27 | 2025 |
| 21 | Kenya | 4.07 | 2025 |
| 22 | Guinea | 3.57 | 2025 |
| 23 | Bhutan | 3.56 | 2025 |
| 24 | Pakistan | 3.55 | 2025 |
| 25 | Namibia | 3.51 | 2025 |
| 26 | Cameroon | 3.4 | 2025 |
| 27 | Tajikistan | 3.39 | 2025 |
| 28 | Solomon Islands | 3.36 | 2025 |
| 29 | Tanzania | 3.33 | 2025 |
| 30 | Comoros | 3.25 | 2025 |
| 31 | Nepal | 2.65 | 2025 |
| 32 | Congo, Rep. | 2.4 | 2025 |
| 33 | India | 2.4 | 2025 |
| 34 | Cambodia | 2.35 | 2025 |
| 35 | Nicaragua | 2.08 | 2025 |
| 36 | Mauritania | 1.55 | 2025 |
| 37 | Senegal | 1.46 | 2025 |
| 38 | Benin | 1.1 | 2025 |
| 39 | Morocco | 0.702 | 2025 |
| 40 | Vanuatu | 0.656 | 2025 |
| 41 | Togo | 0.433 | 2025 |
| 42 | Timor-Leste | 0.428 | 2025 |
| 43 | Côte d'Ivoire | 0.125 | 2025 |
| 44 | Djibouti | -0.314 | 2025 |
About the top 10
#1 Zimbabwe
Zimbabwe ranks #1 on this list with 104.7% per year (consumer prices) (2022).
- Capital
- Harare
- Continent
- Africa
- Income group
- Lower middle income
- Population
- 16.95 million people (2025)
- GDP
- US$51.22 billion (2025)
- GDP per person
- US$3,021 (2025)
- Life expectancy
- 63.1 years (2024)
- Urban population
- 40.5% of population (2025)
Largest cities: Harare, Masvingo.
Also ranks #2 in lending interest rate · #3 in inflation rate · #4 in income share of richest 10%.
#2 Haiti
Haiti ranks #2 on this list with 28.6% per year (consumer prices).
- Capital
- Port-au-Prince
- Continent
- North America
- Income group
- Lower middle income
- Population
- 11.91 million people (2025)
- GDP
- US$32.08 billion (2025)
- GDP per person
- US$2,694 (2025)
- Life expectancy
- 65.1 years (2024)
- Urban population
- 55.6% of population (2025)
Also ranks #2 in prevalence of undernourishment · #4 in time to start a business (days) · #7 in homicide rate.
#3 Nigeria
Nigeria ranks #3 on this list with 23% per year (consumer prices).
- Capital
- Abuja
- Continent
- Africa
- Income group
- Lower middle income
- Population
- 237.53 million people (2025)
- GDP
- US$290.79 billion (2025)
- GDP per person
- US$1,224 (2025)
- Life expectancy
- 54.6 years (2024)
- Urban population
- 63.8% of population (2025)
Largest cities: Lagos, Kano, Port Harcourt.
Also ranks #1 in under-5 mortality rate · #1 in maternal mortality ratio · #1 in children out of school (primary).
#4 Angola
Angola ranks #4 on this list with 20.2% per year (consumer prices).
- Capital
- Luanda
- Continent
- Africa
- Income group
- Lower middle income
- Population
- 39.04 million people (2025)
- GDP
- US$122.17 billion (2025)
- GDP per person
- US$3,130 (2025)
- Life expectancy
- 64.8 years (2024)
- Urban population
- 71.5% of population (2025)
Largest cities: Luanda, Quilamba Quiaxi.
Also ranks #4 in gini index · #4 in oil rents share of gdp · #5 in income share of richest 10%.
#5 Bolivia
Bolivia ranks #5 on this list with 19.5% per year (consumer prices).
- Capital
- La Paz, Sucre
- Continent
- South America
- Income group
- Lower middle income
- Population
- 12.58 million people (2025)
- GDP
- US$64.77 billion (2025)
- GDP per person
- US$5,148 (2025)
- Life expectancy
- 68.7 years (2024)
- Urban population
- 71.6% of population (2025)
Largest cities: Santa Cruz de la Sierra.
Also ranks #2 in real effective exchange rate index · #3 in bank branches per 100,000 adults · #4 in women in parliament share.
#6 Lebanon
Lebanon ranks #6 on this list with 14.6% per year (consumer prices).
- Capital
- Beirut
- Continent
- Asia
- Income group
- Lower middle income
- Population
- 5.85 million people (2025)
- GDP
- US$25.97 billion (2024)
- GDP per person
- US$4,473 (2024)
- Life expectancy
- 77.9 years (2024)
- Urban population
- 91% of population (2025)
Largest cities: Beirut.
Also ranks #1 in official exchange rate · #2 in smoking prevalence · #7 in refugee population by asylum.
#7 Ghana
Ghana ranks #7 on this list with 14.2% per year (consumer prices).
- Capital
- Accra
- Continent
- Africa
- Income group
- Lower middle income
- Population
- 35.06 million people (2025)
- GDP
- US$114.21 billion (2025)
- GDP per person
- US$3,257 (2025)
- Life expectancy
- 65.7 years (2024)
- Urban population
- 58.9% of population (2025)
Largest cities: Kumasi, Accra.
Also ranks #11 in deposit interest rate · #14 in inflation rate · #21 in forest rents share of gdp.
#8 Egypt, Arab Rep.
Egypt, Arab Rep. ranks #8 on this list with 14.1% per year (consumer prices).
- Capital
- Cairo
- Continent
- Africa
- Income group
- Lower middle income
- Population
- 118.37 million people (2025)
- GDP
- US$365.25 billion (2025)
- GDP per person
- US$3,086 (2025)
- Life expectancy
- 71.8 years (2024)
- Urban population
- 42.9% of population (2025)
Largest cities: Cairo, Alexandria, Giza.
Also ranks #1 in irrigated land share · #3 in deposit interest rate · #5 in remittances received.
#9 Zambia
Zambia ranks #9 on this list with 13.9% per year (consumer prices).
- Capital
- Lusaka
- Continent
- Africa
- Income group
- Lower middle income
- Population
- 21.91 million people (2025)
- GDP
- US$28.88 billion (2025)
- GDP per person
- US$1,318 (2025)
- Life expectancy
- 66.5 years (2024)
- Urban population
- 45.9% of population (2025)
Largest cities: Lusaka.
Also ranks #2 in mineral rents share of gdp · #3 in gini index · #4 in prevalence of undernourishment.
#10 São Tomé and Principe
São Tomé and Principe ranks #10 on this list with 11% per year (consumer prices).
- Capital
- São Tomé
- Continent
- Africa
- Income group
- Lower middle income
- Population
- 240,250 people (2025)
- GDP
- US$981.29 million (2025)
- GDP per person
- US$4,084 (2025)
- Life expectancy
- 69.9 years (2024)
- Urban population
- 69.2% of population (2025)
Also ranks #10 in services value added share of gdp · #16 in lending interest rate · #18 in prevalence of undernourishment.
Profile facts: World Bank (CC BY 4.0) and Wikidata (CC0); weather links go to Purr Weather, another ChowChow Labs site.
Source and method
Inflation rate: each country's latest value (2020–2025), ranked from highest to lowest.
Source: The World Bank, indicator FP.CPI.TOTL.ZG. Licence: CC BY 4.0. Retrieved: 2026-11-14.
The World Bank: Inflation, consumer prices (annual %): International Financial Statistics database, International Monetary Fund (IMF) (via World Development Indicators)
Original data provider, as recorded by the World Bank: International Financial Statistics database, International Monetary Fund (IMF).
Values are shown as published. Provider terms: The World Bank. All licences: Sources & licences.