Sri Lanka - Inflation Rate 2023
16.54%
−28.67pp from 2022
Sri Lanka's inflation rate was 16.54% in 2023, decreased +28.67pp from 49.72% in 2022. This was the 171st highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Afghanistan | -4.64% | -143.8% |
| 2nd | Turkmenistan | -1.59% | -114.2% |
| 3rd | Seychelles | -1.04% | -139.3% |
| 4th | Bahrain | 0.07% | -97.9% |
| 5th | China | 0.23% | -88.1% |
| 6th | Brunei Darussalam | 0.36% | -90.3% |
| 7th | Macao SAR, China | 0.48% | -54.4% |
| 8th | Costa Rica | 0.53% | -93.7% |
| 9th | Burkina Faso | 0.74% | -94.6% |
| 10th | Yemen, Republic of | 0.86% | -97.1% |
| 11th | Oman | 0.95% | -62.2% |
| 12th | Panama | 1.49% | -48.0% |
| 13th | Djibouti | 1.50% | -71.1% |
| 14th | United Arab Emirates | 1.63% | -66.3% |
| 15th | Armenia | 1.98% | -77.4% |
| 16th | Mali | 2.06% | -78.8% |
| 17th | Jordan | 2.08% | -50.7% |
| 18th | Hong Kong SAR, China | 2.10% | 11.5% |
| 19th | Cambodia | 2.13% | -60.1% |
| 20th | Liechtenstein | 2.14% | -24.7% |
| 21st | Switzerland | 2.14% | -24.7% |
| 22nd | Ecuador | 2.22% | -36.1% |
| 23rd | Papua New Guinea | 2.30% | -56.2% |
| 24th | Saudi Arabia | 2.33% | -5.9% |
| 25th | Fiji | 2.34% | -45.7% |
| 26th | Libya | 2.37% | -47.4% |
| 27th | South Sudan | 2.38% | 174.2% |
| 28th | Georgia | 2.49% | -79.1% |
| 29th | Malaysia | 2.49% | -26.3% |
| 30th | Bolivia, Plurinational State of | 2.58% | 47.5% |
| 31st | Grenada | 2.70% | 5.3% |
| 32nd | Benin | 2.74% | 102.7% |
| 33rd | Guyana | 2.82% | -56.5% |
| 34th | Equatorial Guinea | 2.86% | -41.3% |
| 35th | Maldives | 2.93% | 12.6% |
| 36th | Central African Republic | 2.98% | -46.6% |
| 37th | Qatar | 3.03% | -39.0% |
| 38th | Bahamas, The | 3.05% | -45.5% |
| 39th | Viet Nam | 3.25% | 3.0% |
| 40th | Japan | 3.27% | 30.9% |
| 41st | Denmark | 3.31% | -61.3% |
| 42nd | Aruba | 3.36% | -39.1% |
| 43rd | Greece | 3.46% | -62.7% |
| 44th | Puerto Rico (US) | 3.48% | -42.2% |
| 45th | Spain | 3.53% | -57.6% |
| 46th | Cyprus | 3.54% | -56.3% |
| 47th | St. Kitts and Nevis | 3.56% | 33.3% |
| 48th | Korea | 3.60% | -29.3% |
| 49th | Gabon | 3.63% | -14.6% |
| 50th | Kuwait | 3.64% | -8.5% |
| 51st | Tajikistan | 3.65% | -45.0% |
| 52nd | Indonesia | 3.67% | -11.3% |
| 53rd | Niger | 3.70% | -12.5% |
| 54th | Cabo Verde | 3.72% | -53.0% |
| 55th | Luxembourg | 3.74% | -54.1% |
| 56th | Tanzania | 3.80% | -12.7% |
| 57th | Netherlands | 3.84% | -67.0% |
| 58th | Canada | 3.88% | -42.8% |
| 59th | El Salvador | 4.05% | -43.8% |
| 60th | Belgium | 4.05% | -60.8% |
| 61st | St. Lucia | 4.07% | -36.2% |
| 62nd | United States | 4.12% | -48.5% |
| 63rd | Israel | 4.23% | -3.9% |
| 64th | Bhutan | 4.23% | -28.9% |
| 65th | Congo, Republic of | 4.30% | 42.2% |
| 66th | Portugal | 4.31% | -46.8% |
| 67th | Iraq | 4.36% | -12.6% |
| 68th | Côte d'Ivoire | 4.37% | -16.6% |
| 69th | Belize | 4.39% | -30.0% |
| 70th | St. Vincent and the Grenadines | 4.56% | -19.4% |
| 71st | Brazil | 4.59% | -50.5% |
| 72nd | Trinidad and Tobago | 4.63% | -20.5% |
| 73rd | Paraguay | 4.63% | -52.6% |
| 74th | Albania | 4.76% | -29.3% |
| 75th | Nauru | 4.78% | 317.3% |
| 76th | Dominican Republic | 4.79% | -45.7% |
| 77th | Singapore | 4.83% | -21.2% |
| 78th | France | 4.88% | -17.4% |
| 79th | Kosovo | 4.94% | -57.3% |
| 80th | Eswatini | 4.95% | 3.1% |
| 81st | Mauritania | 4.95% | -48.2% |
| 82nd | Belarus | 5.00% | -67.2% |
| 83rd | Antigua and Barbuda | 5.07% | -32.7% |
| 84th | Botswana | 5.07% | -58.4% |
| 85th | Dominica | 5.09% | -34.0% |
| 86th | Malta | 5.09% | -16.9% |
| 87th | Uganda | 5.35% | -25.6% |
| 88th | Togo | 5.49% | -28.0% |
| 89th | Norway | 5.52% | -4.3% |
| 90th | Mexico | 5.53% | -30.0% |
| 91st | Australia | 5.60% | -15.9% |
| 92nd | Andorra | 5.61% | -9.6% |
| 93rd | Italy | 5.62% | -35.6% |
| 94th | India | 5.65% | -15.1% |
| 95th | New Zealand | 5.73% | -20.1% |
| 96th | Russian Federation | 5.87% | -57.3% |
| 97th | Uruguay | 5.87% | -35.5% |
| 98th | West Bank and Gaza | 5.87% | 57.0% |
| 99th | Namibia | 5.88% | -3.2% |
| 100th | Solomon Islands | 5.89% | 8.9% |
| 101st | San Marino | 5.93% | 11.4% |
| 102nd | Senegal | 5.94% | -38.7% |
| 103rd | Germany | 5.95% | -31.4% |
| 104th | Philippines | 5.98% | 2.7% |
| 105th | South Africa | 6.08% | -11.5% |
| 106th | Morocco | 6.09% | -8.3% |
| 107th | Bosnia and Herzegovina | 6.11% | -56.4% |
| 108th | Somalia, Fed. Rep. | 6.17% | -8.9% |
| 109th | Guatemala | 6.21% | -9.8% |
| 110th | Micronesia, Federated States of | 6.21% | 23.7% |
| 111th | Finland | 6.25% | -12.8% |
| 112th | Ireland | 6.30% | -22.0% |
| 113th | European Union | 6.30% | -28.7% |
| 114th | Lesotho | 6.34% | -22.2% |
| 115th | Tonga | 6.35% | -3.0% |
| 116th | Peru | 6.46% | -18.0% |
| 117th | Jamaica | 6.47% | -37.4% |
| 118th | Honduras | 6.66% | -26.7% |
| 119th | United Kingdom | 6.79% | -25.1% |
| 120th | Mauritius | 7.05% | -34.6% |
| 121st | Guinea-Bissau | 7.10% | -10.3% |
| 122nd | Nepal | 7.12% | 11.7% |
| 123rd | Mozambique | 7.13% | -31.3% |
| 124th | Tuvalu | 7.17% | -41.1% |
| 125th | Cameroon | 7.38% | 18.1% |
| 126th | Marshall Islands | 7.44% | 168.1% |
| 127th | Slovenia | 7.45% | -15.7% |
| 128th | Chile | 7.58% | -34.9% |
| 129th | Kenya | 7.67% | 0.3% |
| 130th | Guinea | 7.80% | -25.7% |
| 131st | Austria | 7.81% | -9.3% |
| 132nd | Samoa | 7.92% | -9.4% |
| 133rd | Croatia | 7.94% | -25.6% |
| 134th | Comoros | 8.37% | -32.7% |
| 135th | Nicaragua | 8.39% | -19.9% |
| 136th | Timor-Leste | 8.42% | 20.2% |
| 137th | Thailand | 8.48% | 39.5% |
| 138th | Sweden | 8.55% | 6.1% |
| 139th | Montenegro | 8.58% | -34.2% |
| 140th | Iceland | 8.74% | 5.2% |
| 141st | Azerbaijan | 8.79% | -36.6% |
| 142nd | Latvia | 8.94% | -48.2% |
| 143rd | Lithuania | 9.12% | -51.7% |
| 144th | Estonia | 9.16% | -52.9% |
| 145th | Kiribati | 9.28% | 73.6% |
| 146th | Algeria | 9.32% | 0.6% |
| 147th | Tunisia | 9.33% | 12.3% |
| 148th | North Macedonia | 9.36% | -34.1% |
| 149th | Bulgaria | 9.44% | -27.5% |
| 150th | Barbados | 9.79% | 124.5% |
| 151st | Madagascar | 9.87% | 21.1% |
| 152nd | Bangladesh | 9.88% | 60.7% |
| 153rd | Uzbekistan | 9.96% | -13.0% |
| 154th | Liberia | 10.09% | 32.9% |
| 155th | Mongolia | 10.35% | -31.7% |
| 156th | Romania | 10.40% | -24.7% |
| 157th | Slovak Republic | 10.53% | -13.2% |
| 158th | Czechia | 10.66% | -29.4% |
| 159th | Kyrgyz Republic | 10.75% | -22.7% |
| 160th | Chad | 10.84% | 85.8% |
| 161st | Zambia | 10.88% | -1.0% |
| 162nd | Vanuatu | 11.18% | 67.4% |
| 163rd | Poland | 11.53% | -18.9% |
| 164th | Colombia | 11.74% | 15.2% |
| 165th | Serbia | 12.37% | 3.3% |
| 166th | Palau | 12.82% | -2.8% |
| 167th | Ukraine | 12.85% | -36.3% |
| 168th | Moldova | 13.42% | -53.3% |
| 169th | Angola | 13.64% | -36.1% |
| 170th | Kazakhstan | 14.72% | -1.7% |
| 171st | Sri Lanka | 16.54% | -63.4% |
| 172nd | Gambia, The | 16.97% | 47.4% |
| 173rd | Hungary | 17.12% | 17.1% |
| 174th | Rwanda | 19.79% | 42.6% |
| 175th | Congo, Democratic Republic of | 19.89% | 114.7% |
| 176th | São Tomé and Principe | 21.26% | 18.1% |
| 177th | Nigeria | 24.66% | 30.8% |
| 178th | Myanmar | 25.49% | -9.0% |
| 179th | Burundi | 26.94% | 42.9% |
| 180th | Malawi | 28.79% | 38.2% |
| 181st | Pakistan | 30.77% | 153.2% |
| 182nd | Lao PDR | 31.23% | 36.0% |
| 183rd | Egypt, Arab Republic of | 33.88% | 298.6% |
| 184th | Haiti | 36.81% | 33.5% |
| 185th | Ghana | 38.11% | 19.4% |
| 186th | Iran, Islamic Republic of | 44.58% | -2.6% |
| 187th | Sierra Leone | 47.64% | 75.1% |
| 188th | Suriname | 51.59% | -1.6% |
| 189th | Türkiye | 53.86% | -25.5% |
| 190th | Sudan | 77.25% | -44.3% |
| 191st | Argentina | 133.49% | 84.3% |
| 192nd | Lebanon | 221.34% | 29.3% |
| 193rd | Zimbabwe | 667.36% | 245.1% |
FAQ
What was Sri Lanka's inflation rate in 2023?▾
Sri Lanka's inflation rate in 2023 was 16.54%. This ranked 171st globally.
How did Sri Lanka's inflation rate change in 2023?▾
Sri Lanka's inflation rate decreased by 63.4% in 2023 compared to 2022.
Which country had the highest inflation rate in 2023?▾
Zimbabwe had the highest inflation rate in 2023 at 667.36%.
What is the inflation rate of Sri Lanka in 2023?▾
The inflation rate of Sri Lanka in 2023 was 16.54%. This ranked 171st globally.
How does 2023 compare to 2022 for Sri Lanka's inflation rate?▾
Sri Lanka's inflation rate went from 49.72% in 2022 to 16.54% in 2023, a 63.4% decrease.
Related
2022
2024
All years
Full ranking 2023
Consumer Price Index
PPP Conversion Factor
Peak: 2022
Lowest: 1960
Inflation Rate 1990s
Inflation Rate 2000s
Inflation Rate 2010s
Inflation Rate 2020s
Highest ever
Lowest ever
Average
vs Bolivia, Plurinational State of
vs Eswatini
vs Djibouti
vs Philippines
Global Ranking