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Global Inflation Dataset Annual Inflation Rate of 196 Countries (1980-2024) Retrieved from the World Bank

Context

Understanding global economic dynamics, specifically the trends in inflation rates, is paramount for policymakers, economists, and researchers. This dataset, covering the years 1980 to 2024, offers a comprehensive perspective on inflation across various countries. The primary focus is on dissecting the data based on country-specific indicators, providing valuable insights into the multifaceted factors influencing economic environments on a global scale.

Content

The dataset comprises crucial columns including country name, indicator type, and annual average inflation rates from 1980 to 2024. This extensive collection of information facilitates detailed analysis and correlation studies, enabling researchers to uncover patterns and trends. By examining the nuanced relationships between country-specific indicators and inflation rates, valuable conclusions can be drawn about the complexities of global economic dynamics over the years. This dataset serves as a valuable resource for anyone seeking to delve into the intricacies of inflation trends and their implications across diverse nations.

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Overall inflation trends in all countries (1970-2024):

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Trends in westernized countries are similar in their distributions:

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Trends in eastern countries are similar in their distributions:

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Trends in South American countries. Venezuelan inflation rates increase exponentially when approacing 2024.

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Overall, inflation rates in westernized countries increase as they approach 2024 while rates in eastern countries appear stable. The Venezeulan economic crisis is apparent in the elevation of interest rates leading up to 2024.

Shown is a correlation matrix of all countries. Interest rates between the majority of countries display moderately high r-values.

Dataset taken from https://www.kaggle.com/datasets/sazidthe1/global-inflation-data. File: Global Dataset of Inflation.csv. Annual Average Inflation Rate (in %)

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