Afghanistan Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Afghanistan's inflation rate was -6.60% in 2024, ranked 2nd globally. This represents a 14.4% increase from 2023. Data from World Bank, covering 2003–2024.
Overview
Afghanistan's inflation rate stood at -6.60% in 2024, a rise of +1.11pp from 2023. Afghanistan ranked 2nd globally.
Afghanistan's inflation rate has experienced significant fluctuations over the past 22 years, with the earliest recorded rate being 35.66% in 2003, which also marks the all-time peak. In contrast, the country achieved its all-time trough of -6.81% in 2009. As of the latest available data, Afghanistan's inflation rate stands at -6.60% for 2024, ranking second globally, closely following Iraq's -12.30%. This deflationary trend is a notable departure from the high inflation rates of the past. Compared to other peer countries like Barbados, which has an inflation rate of -0.44%, Afghanistan's economy is experiencing a more pronounced deflationary pressure. Looking ahead, a shift in the trajectory of Afghanistan's inflation rate would likely require significant changes in the country's economic fundamentals, such as a substantial increase in aggregate demand or a major supply-side shock.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2024 | -6.60% | +1.11pp | #2 |
| 2023 | -4.64% | −15.24pp | #1 |
| 2022 | 13.71% | +5.95pp | #152 |
| 2021 | 5.13% | −0.47pp | #137 |
| 2020 | 5.60% | +3.30pp | #158 |
| 2019 | 2.30% | +1.68pp | #102 |
| 2018 | 0.63% | −4.35pp | #21 |
| 2017 | 4.98% | +0.59pp | #148 |
| 2016 | 4.38% | +5.05pp | #147 |
| 2015 | -0.66% | −5.34pp | #26 |
| 2014 | 4.67% | −2.71pp | #143 |
| 2013 | 7.39% | +0.94pp | #171 |
| 2012 | 6.44% | −5.36pp | #151 |
| 2011 | 11.80% | +9.63pp | #178 |
| 2010 | 2.18% | +8.99pp | #67 |
Detected Pattern
Analysis
Afghanistan matched the Stagflation Risk pattern in 2022. Historically, 38% of countries showing this pattern (117 out of 307) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Afghanistan's inflation rate was -6.60% in 2024. Ranked 2nd globally. This represents a 14.4% increase from the previous year.
Afghanistan's inflation rate peaked at 35.66% in 2003.
The lowest inflation rate in Afghanistan was -6.81% in 2009.
Afghanistan ranks 2nd globally in inflation rate as of 2024.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
The inflation rate of Afghanistan in 2024 was -6.60%. This ranks 2nd in the world.
Cite this page
@misc{historysaid_afghanistan_inflation-rate,
title = {Afghanistan Inflation Rate},
url = {https://historysaid.com/afghanistan/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}