Inflation Rate in North America 2026
This page compares the latest inflation rates across North American countries. Explore the interactive map, complete rankings, comparison chart, and discover which countries report the highest and lowest inflation rates in North America.
See Also:
- Inflation Rate by Country
- Inflation Rate by Continent
- Inflation Rate in Asia
- Inflation Rate in Europe
- Inflation Rate in Africa
- Inflation Rate in South America
- Inflation Rate in Oceania
Inflation Rate in North American Countries
| # | Country | Inflation Rate | Global Rank | Continent |
|---|---|---|---|---|
| 1 | 🇭🇹Haiti |
20% | 8 | North America |
| 2 | 🇨🇺Cuba |
15.89% | 11 | North America |
| 3 | 🇭🇳Honduras |
6.09% | 47 | North America |
| 4 | 🇯🇲Jamaica |
5.4% | 55 | North America |
| 5 | 🇩🇴Dominican Republic |
5.35% | 57 | North America |
| 6 | 🇵🇷Puerto Rico |
4.6% | 71 | North America |
| 7 | 🇧🇿Belize |
4.3% | 77 | North America |
| 8 | 🇺🇸United States |
4.2% | 79 | North America |
| 9 | 🇦🇬Antigua and Barbuda |
4.1% | 83 | North America |
| 10 | 🇳🇮Nicaragua |
3.72% | 90 | North America |
| 11 | 🇲🇽Mexico |
3.37% | 102 | North America |
| 12 | 🇨🇦Canada |
3.2% | 108 | North America |
| 13 | 🇰🇾Cayman Islands |
2.8% | 124 | North America |
| 14 | 🇸🇻El Salvador |
2.77% | 125 | North America |
| 15 | 🇧🇸Bahamas |
2.7% | 128 | North America |
| 16 | 🇬🇹Guatemala |
2.27% | 137 | North America |
| 17 | 🇧🇲Bermuda |
2.2% | 140 | North America |
| 18 | 🇦🇼Aruba |
2.1% | 146 | North America |
| 19 | 🇧🇧Barbados |
1.5% | 159 | North America |
| 20 | 🇰🇳Saint Kitts and Nevis |
1.38% | 162 | North America |
| 21 | 🇬🇩Grenada |
0.57% | 171 | North America |
| 22 | 🇩🇲Dominica |
0.34% | 178 | North America |
| 23 | 🇱🇨Saint Lucia |
0.33% | 179 | North America |
| 24 | 🇹🇹Trinidad and Tobago |
0.3% | 180 | North America |
| 25 | 🇵🇦Panama |
0.3% | 181 | North America |
| 26 | 🇨🇷Costa Rica |
-0.32% | 185 | North America |
Key Findings
Important trends and country comparisons from the inflation rate rankings across North America.
Haiti Has the Highest Inflation Rate in North America
- Haiti ranks first in North America with an inflation rate of 20%.
- Cuba follows at 15.89%, while both countries remain far above the rest of the regional ranking.
Only Two Countries Record Double-Digit Inflation
- Haiti and Cuba are the only countries in the region with inflation rates above 10%.
- Honduras ranks third with a considerably lower rate of 6.09%.
The United States Records Inflation Above the Regional Average
- The United States reports 4.2%, compared with North America's regional rate of 3.83%.
- Canada records a lower inflation rate of 3.2%.
Central American Inflation Rates Vary Widely
- Honduras records 6.09%, Nicaragua 3.72%, Mexico 3.37%, and Guatemala 2.27%.
- Panama reports only 0.3%, while Costa Rica records negative inflation.
Several Caribbean Economies Maintain Low Inflation
- Barbados, Saint Kitts and Nevis, Grenada, Dominica, Saint Lucia, and Trinidad and Tobago all report inflation below 1.5%.
- These countries appear among the lowest-inflation economies in the regional ranking.
Panama and Trinidad and Tobago Record Only 0.3%
- Panama and Trinidad and Tobago each report an inflation rate of 0.3%.
- Only Costa Rica records a lower value in the North American dataset.
Costa Rica Has the Lowest Inflation Rate
- Costa Rica ranks last in North America with an inflation rate of -0.32%.
- The negative figure indicates a small decline in the reported general price level during the comparison period.
Inflation Rate in North America Comparison
The comparison chart highlights inflation rate differences across North American countries, making it easy to compare high-inflation and low-inflation economies. It provides a clear visual overview of how consumer price growth varies throughout the region.
Inflation Rate in North America
Definitions & Methodology
What is the inflation rate in North America?
The inflation rate in North America compares annual consumer-price changes across the countries and territories included in the region. It indicates where prices are increasing quickly and where price growth remains relatively limited.
How are countries ranked?
Countries are ordered from the highest to the lowest reported inflation rate. A larger percentage indicates faster overall price growth, while a negative value may indicate deflation.
How is inflation generally measured?
Inflation is commonly calculated using a consumer price index that tracks changes in the prices of items such as food, housing, transportation, healthcare, utilities, and other household expenses.
Why do inflation rates differ across North America?
Inflation may be affected by food and energy costs, import dependence, exchange rates, interest rates, tourism activity, government policy, and domestic supply conditions.
What does negative inflation mean?
Negative inflation is generally called deflation. It means that the overall price level declined during the reporting period, although prices for individual goods may still have increased.
Does the regional average apply to every country?
No. North America's regional inflation rate of 3.83% summarizes the full dataset, but individual values range from 20% in Haiti to -0.32% in Costa Rica.
How should the rankings be interpreted?
The rankings provide a comparative snapshot. National index baskets, update schedules, statistical definitions, exchange-rate conditions, and reporting periods may differ across countries.
Inflation Rate in North America FAQs
Which country has the highest inflation rate in North America?
Haiti has the highest reported inflation rate in North America at 20%.
Which countries have the highest inflation rates in North America?
The five highest rates belong to Haiti, Cuba, Honduras, Jamaica, and the Dominican Republic.
What is the average inflation rate in North America?
North America records a regional inflation rate of 3.83% in this dataset.
What is the inflation rate in the United States?
The United States reports an inflation rate of 4.2%, placing it eighth in the North American ranking.
Which country has the lowest inflation rate in North America?
Costa Rica has the lowest reported rate at -0.32%, indicating slight deflation during the comparison period.
Why are inflation rates different across North America?
Differences may result from food and energy prices, exchange-rate movements, monetary policy, import costs, fiscal decisions, and country-specific supply and demand conditions.