The data shows the 20 countries with the lowest inflation rate in 2017. In 2017, Solomon Islands ranked 1st with a negative inflation rate of about 0.46% compared to the previous year.
Inflation rates and the financial crisis
Due to relatively stagnant worker wages as well as a hesitation from banks to so easily distribute loans to the ordinary citizen, inflation has remained considerably low. Low inflation rates are most apparent in European countries, which stems from the on-going Eurozone debt crisis as well as from the global financial crisis of 2008.
