General and food consumer price indices inflation rates. March 2022 update
15/06/2022
Annual inflation rates of global and regional consumer price indices (CPI) measures inflation rates of food and general consumer price indices for a group of countries at different geographical scales: sub-regional (e.g. Middle Africa), regional (e.g. Africa) and global (all countries). The general CPI covers 204 countries, and the food CPI covers 198 countries worldwide. The analytical brief of annual inflation rates of food and general CPI is updated annually at the end of the first quarter, and a general overview of annual inflation rates of food and general CPI is published at the end of second, third and fourth quarters. This brief analyses the March 2022 update. According to the data, the evolution of the COVID-19 pandemic and the uncertainty surrounding the geopolitical situation in Eastern Europe in 2021 affected both the year-on-year variation of the consumer price indices and the statistical quality of the price data. The annual variation of the global general consumer price index decreased from 3.8 percent in 2019 to 3.5 percent in 2020 before going up to 6.3 percent in 2021.
