Source: World Bank
Release: World Development Indicators
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
Nations that are included in this data series are listed at http://data.worldbank.org/about/country-and-lending-groups. A developing nation is defined as one which falls within the lower or middle income bracket.
Source Indicator: FP.CPI.TOTL.ZG
World Bank, Inflation, consumer prices for Developing Countries in Latin America and Caribbean [FPCPITOTLZGLAC], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FPCPITOTLZGLAC, February 25, 2021.