G20 Countries: How Far Has Inflation Come Down Since COVID? 📉

What we’re showing

Annual inflation rates across the G20, for two dates: Feb. 2024, and each country’s COVID pandemic peak. This data was sourced from Tradingeconomics.com.

Inflation in Argentina is still climbing

Unlike other G20 nations, Argentina’s inflation rate has only gone up since the pandemic. This is largely due to the country’s history of printing money to compensate for government overspending.

One area hit particularly hard is food prices. According to news reports, the price of beef climbed over 30% in the month of August 2023.