Yemen, Republic of Consumer Price Index

Yemen’s Consumer Price Index (CPI) has surged dramatically over the 25‑year series, climbing from an all‑time trough of 3.84 in 1990 to an all‑time peak of 157.58 in 2014, the latest figure reported by the World Bank and placing the country 181st in the global ranking. This more than 40‑fold increase reflects prolonged macro‑economic instability, currency depreciation and supply‑side constraints that intensified after 2011, when the conflict escalated and fiscal pressures mounted. By contrast, Uzbekistan recorded a CPI of 157.43 in the same year, illustrating that Yemen’s inflationary trajectory is comparable to the highest levels observed among its peers, while neighboring peers such as Ghana (155.90) and Guinea (166.03) occupy a similar range. The steep upward path suggests that without substantial reforms in monetary policy, fiscal consolidation and restoration of productive capacity, Yemen’s CPI is likely to remain elevated, although a durable peace settlement could reverse the current inflationary momentum.