Temporal Info: 
Annual
Units: 
Percent
Source: 
WDI 2016
Footnote: 

Development Data Group, The World Bank. 2016. 2016 World Development Indicators Online. Washington, DC: The World Bank. Available at: http://data.worldbank.org/indicator

Inflation is the rate of change of prices in an economy. It is measured by calculating the annual growth rate of the GDP implicit deflator, which is the ratio of GDP in current local currency to GDP in constant local currency.

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