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Relationship between inflation and unemployment

2 days ago
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This scatter chart displays inflation (annual %) against unemployment (% of total labor force). The data is about countries.

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There are 2 fields used on this chart, including filters:

  • Inflation (annual %): 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.
  • Unemployment (% of total labor force): Unemployment refers to the share of the labor force that is without work but available for and seeking employment (ILO estimates).

Details

This chart is based on data from: SIPRI, World Bank, Reporters Without Borders.

This chart can be used under the CC BY 4.0 license.