Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in Afghanistan
- 2008↑ Upward pressure
The world food price crisis ↗ — Wikipedia (opens in a new tab)
A drought cut Afghanistan's wheat harvest while Pakistan restricted wheat exports. Those local supply failures amplified the global food shock and pushed Afghan food prices sharply higher.
- 2015↓ Downward pressure
The 2015 deflationary slump ↗ — Wikipedia (opens in a new tab)
As international troops withdrew and foreign aid was scaled down, domestic demand weakened. Falling global food and fuel prices then pushed Afghanistan into deflation in 2015.
- 2021↑ Upward pressure
The 2021 Taliban takeover ↗ — Wikipedia (opens in a new tab)
The August 2021 takeover isolated the banking system and froze central-bank assets. Disrupted payments for food, medicine and electricity imports helped produce the subsequent surge in consumer prices.
- 2023↓ Downward pressure
The afghani recovery ↗ — Wikipedia (opens in a new tab)
Lower demand, improved supply conditions and a stronger afghani reversed the 2022 price spike. Afghanistan entered food-led deflation in 2023.
These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.