Inflation highlights: May 2026
Overall inflation in May 2026 was 6.7 per cent.
17d agoHillary BettInfographics
Global purchasing power is facing severe downward pressure as several nations grapple with extreme price hikes, according to data from Visual Capitalist. Fresh annual average projections for 2026 highlight a dramatic disparity in how inflation—the sustained increase in the general price level of goods and services over time—is impacting economies worldwide, significantly reducing what consumers can buy.
At the absolute peak of these global extremes is Venezuela, which is projected to experience an astronomical inflation rate of 387.4%. This puts it vastly ahead of any other nation.
Sudan follows with the second-highest projected rate at 75.1%, while Iran ranks third at 68.9%.
In Latin America, Argentina's projection stands at 30.4%, closely followed by Türkiye at 28.6% and Yemen at 26.5%.
Rounding out the top ten highest rates are Malawi at 24.4%, Haiti at 23.5%, Bolivia at 20.7%, and Myanmar at 19.0%.
The economic strain continues across other nations facing double-digit pressures. Nigeria leads the next tier with a 16.0% projection, followed by Burundi at 14.5%, South Sudan at 14.0%, and Egypt at 13.2%.
Angola stands at 12.9%, while Suriname and Ethiopia both share an 11.8% forecast. The list of high-inflation nations concludes with Kazakhstan at 10.7%, Kyrgyzstan at 10.6%, and Libya at 10.5%.
