Mapped: Global Inflation Forecasts by Country in 2026
Global inflation is projected to ease from 4.2% in 2025 to 3.7% in 2026. The IMF expects U.S. inflation to follow a similar path, falling from
Global inflation is projected to ease from 4.2% in 2025 to 3.7% in 2026. The IMF expects U.S. inflation to follow a similar path, falling from
* Premium Statistic Monthly inflation rates in developed and emerging countries 2021-2026. * Premium Statistic Monthly inflation rate in OECD 2020-2025. * Premium Statistic Inflation rates in G7 countries 2025, by commodity group. * Basic Statistic CPI inflation rate forecast worldwide 2022-2026. * Premium Statistic Inflation rate and central bank interest rate 2026, by selected countries. * Premium Statistic Mortgage interest rates in selected countries worldwide 2025. * Premium Statistic Average lending interest rates in selected countries worldwide 2024. * Premium Statistic Share of consumers affected by inflation in 2022, by country. * Premium Statistic Share of consumers impacted by inflation Asia 2023. * Premium Statistic Opinions on impact of inflation on travel enthusiasm in selected countries 2023. "Inflation Rate Forecast for The Consumer Price Index Worldwide from 2022 to 2026." Statista, Statista Inc., 30 Jan 2026, https://www.statista.com/statistics/1330092/global-inflation-rate-forecast/?\_\_sso\_cookie\_checker=failed. IMF, Inflation rate forecast for the consumer price index worldwide from 2022 to 2026 Statista, https://www.statista.com/statistics/1330092/global-inflation-rate-forecast/?\_\_sso\_cookie\_checker=failed (last visited March 31, 2026).
[Skip to main content](https://www.jpmorgan.com/insights/global-research/economy/global-inflation-forecast#main). * [Global Research](https://www.jpmorgan.com/insights/research). * [Global Research](https://www.jpmorgan.com/insights/global-research). * [Global Research](https://www.jpmorgan.com/insights/research). * [Global Research](https://www.jpmorgan.com/insights/research). * [Economy](https://www.jpmorgan.com/insights/global-research/economy). * • [Why has global inflation been so high?](https://www.jpmorgan.com/insights/global-research/economy/global-inflation-forecast#why-has-global-inflation-been-so-high?). * • [Is global inflation expected to fall in 2026?](https://www.jpmorgan.com/insights/global-research/economy/global-inflation-forecast#is-global-inflation-expected-to-fall-in-2026?). * • [Are central banks expected to cut this year?](https://www.jpmorgan.com/insights/global-research/economy/global-inflation-forecast#are-central-banks-expected-to-cut-this-year?). * [Why has global inflation been so high?](https://www.jpmorgan.com/insights/global-research/economy/global-inflation-forecast#why-has-global-inflation-been-so-high?). * [Is global inflation expected to fall in 2026?](https://www.jpmorgan.com/insights/global-research/economy/global-inflation-forecast#is-global-inflation-expected-to-fall-in-2026?). * [Are central banks expected to cut this year?](https://www.jpmorgan.com/insights/global-research/economy/global-inflation-forecast#are-central-banks-expected-to-cut-this-year?). ](https://www.jpmorgan.com/content/dam/jpm/cib/complex/content/research/global_inflation_2024/Global_core_CPI_chart.svg). While there was some unwinding of the pandemic wage shock in 2023 and 2024, this was tempered by sustained service sector demand and tight [labor markets](https://www.jpmorgan.com/insights/global-research/outlook/labor-market-forecast-2026), with unemployment rates reaching historic lows. The U.S. trade war is also contributing to divergent goods prices inflation, as [tariffs](https://www.jpmorgan.com/insights/global-research/current-events/us-tariffs) have boosted core goods prices in America but not elsewhere. ](https://www.jpmorgan.com/content/dam/jpm/cib/complex/content/research/global_inflation_2024/Wages_core_graph.svg). In light of inflationary pressures in the U.S., J.P. Morgan Global Research expects [the Fed](https://www.jpmorgan.com/insights/global-research/economy/fed-rate-cuts) to remain on hold this year. [Find out](https://www.jpmorgan.com/insights/global-research/economy/fed-rate-cuts). [Learn now](https://www.jpmorgan.com/insights/global-research/outlook/market-outlook). [Read more](https://www.jpmorgan.com/insights/global-research/outlook/labor-market-forecast-2026). * [Cookies Policy](https://www.jpmorgan.com/cookies).
From inflation and monetary policy to trade and AI, Janet Henry, Global Chief Economist, looks at the factors set to shape the world economy
| France | 1.7 | 0.9 | Mar/26 | % | 2026/04/30 |. | Germany | 2.7 | 1.9 | Mar/26 | % | 2026/04/29 |. | India | 3.4 | 3.21 | Mar/26 | % | 2026/05/13 |. | Indonesia | 3.48 | 4.76 | Mar/26 | % | 2026/05/04 |. | Italy | 1.7 | 1.5 | Mar/26 | % | 2026/04/16 |. | Mexico | 4.59 | 4.02 | Mar/26 | % | 2026/05/07 |. | Netherlands | 2.7 | 2.4 | Mar/26 | % | 2026/04/30 |. | Russia | 5.9 | 5.9 | Mar/26 | % | 2026/05/15 |. | Spain | 3.4 | 2.3 | Mar/26 | % | 2026/04/29 |. | United States | 3.3 | 2.4 | Mar/26 | % | 2026/05/12 |. The table has current values for Inflation Rate, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts.
[](//www.cnbc.com/). . . [Economy](https://www.cnbc.com/economy/). # Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate. [Politics](https://www.cnbc.com/politics/). In its [periodic update](https://www.oecd.org/content/dam/oecd/en/publications/reports/2026/03/oecd-economic-outlook-interim-report-march-2026_254a8d56/d4623013-en.pdf) of economic conditions, the Organization for Economic Cooperation and Development forecast all-items inflation in the U.S. to be at 4.2% for 2026. Moreover, it is much higher than the 2.7% [Fed officials estimated](https://www.cnbc.com/2026/03/18/fed-interest-rate-decision-march-2026.html) when they updated their own forecasts last week. The revision is due to two primary factors: the [war in the Middle East](https://www.cnbc.com/2026/03/26/trump-iran-negotiations.html), and the ongoing impact from U.S. tariffs that, while lower than prior levels, continue to boost prices around the world. The agency sees [gross domestic product](https://www.cnbc.com/2026/03/13/fourth-quarter-gdp-revised-down-to-just-0point7percent-growth-january-core-inflation-was-3point1percent.html) in the U.S. accelerating at a 2% pace this year before easing to 1.7% in 2027. [Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.](https://www.google.com/preferences/source?q=https://www.cnbc.com/).
[Skip to main content](https://www.piie.com/blogs/realtime-economics/2026/risk-higher-us-inflation-2026#main). * [Topics](https://www.piie.com/research/topics-regions). [View all](https://www.piie.com/research/topics-regions "Discover the broad range of economic topics and issues that PIIE's renowned scholars explore and analyze."). * [Areas of Expertise](https://www.piie.com/research/topics-regions). * [Economic Outlook](https://www.piie.com/research/economic-issues/economic-outlook). * [Climate Change and Environment](https://www.piie.com/research/economic-issues/climate-change-and-environment). * [Globalization](https://www.piie.com/research/economic-issues/globalization). * [Inequality](https://www.piie.com/research/economic-issues/inequality). * [Inflation](https://www.piie.com/research/economic-issues/inflation). * [Labor](https://www.piie.com/research/economic-issues/labor). * [Monetary Policy](https://www.piie.com/research/finance/monetary-policy). * [Tariffs](https://www.piie.com/research/trade-investment/tariffs). * [Technology &AI](https://www.piie.com/research/economic-issues/technology-ai). * [Regions &Countries](https://www.piie.com/research/topics-regions). * [Argentina](https://www.piie.com/research/argentina). * [Canada](https://www.piie.com/research/canada). * [China](https://www.piie.com/research/china). * [India](https://www.piie.com/research/india). * [Japan](https://www.piie.com/research/japan). * [Mexico](https://www.piie.com/research/mexico). * [Ukraine](https://www.piie.com/research/ukraine). * [Research](https://www.piie.com/research). [View All](https://www.piie.com/research). * [Publications](https://www.piie.com/research/publications). * [Commentary](https://www.piie.com/research/commentary). * [Trackers](https://www.piie.com/research/trackers). [View all](https://www.piie.com/experts). Posen](https://www.piie.com/experts/senior-research-staff/adam-s-posen) (PIIE). Finally, recent research, including [work by Joseph Gagnon and Steven Kamin at the Peterson Institute](https://www.piie.com/publications/working-papers/2025/role-long-histories-lived-experience-covid-era-inflationary-surge), demonstrates that lived experience with inflation has lasting effects on expectations. Households remember salient price increases—eggs, meat, child care, home repairs—far more vividly than aggregate statistics.[[1]](https://www.piie.com/blogs/realtime-economics/2026/risk-higher-us-inflation-2026#_ftn1) These memory effects persist for years or even generations. [1](https://www.piie.com/blogs/realtime-economics/2026/risk-higher-us-inflation-2026#_ftnref1). * [Inflation](https://www.piie.com/research/economic-issues/inflation). * [Topics](https://www.piie.com/research/topics-regions). * [Areas of Expertise](https://www.piie.com/research/topics-regions). * [Regions and Countries](https://www.piie.com/research/topics-regions). * [Research](https://www.piie.com/research). * [Publications](https://www.piie.com/research/publications). * [Commentary](https://www.piie.com/research/commentary). [Consent Preferences](https://www.piie.com/blogs/realtime-economics/2026/risk-higher-us-inflation-2026#). [More…](https://www.piie.com/blogs/realtime-economics/2026/risk-higher-us-inflation-2026#addtoany "Show all").
British Virgin Islands no data. China, People's Republic of 20.85 thousand. Korea, Republic of 1.93 thousand. Russian Federation 2.66 thousand. Saint-Pierre and Miquelon no data. Saudi Arabia 1.39 thousand. Türkiye, Republic of 1.64 thousand. United Kingdom 4.26 thousand. United States 32.38 thousand. United States Virgin Islands no data. Africa (Region) 3.56 thousand. Asia and Pacific 43.32 thousand. Australia and New Zealand 2.4 thousand. Central Asia and the Caucasus 2.46 thousand. East Asia 28.62 thousand. Eastern Europe 6.27 thousand. Middle East (Region) 3.98 thousand. North Africa 1.05 thousand. North America 37.14 thousand. South America 5.14 thousand. South Asia 5.28 thousand. Southeast Asia 4.51 thousand. Sub-Saharan Africa (Region) 2.5 thousand. Western Europe 26.06 thousand. Advanced economies 73.81 thousand. ASEAN-5 3.81 thousand. Emerging and Developing Asia 29.61 thousand. Emerging and Developing Europe 6.76 thousand. Emerging market and developing economies 52.48 thousand. Euro area 19.45 thousand. European Union 23.03 thousand. Middle East and Central Asia 5.66 thousand. Other advanced economies 10.83 thousand. Sub-Saharan Africa 2.44 thousand.