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Data Starter: Consumer price index in selected countries, 1960-2023

Elizabeth Veal

24th June 2025

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Has the rate of inflation differed between countries between 1960 and 2023?

Using this OurWorldinData chart, answer the following questions:

  1. Calculate the rate of CPI inflation for India, Japan and Mexico between the base year and 2023.
  2. Compare the trend in inflation for the USA and China since 1990.

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Elizabeth Veal

Liz has taught Economics for over 25 years, including several years as Head of Economics at leading schools.

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