Inflation rate in the U.S. by year since 1960
Inflation rate by country in 1970
In 1970, annual inflation in the U.S. was 5.8%, ranking 8 of 19 countries. The highest was South Korea at 15.8%.
| Rank | Country | Annual inflation |
|---|---|---|
| 1 | South Korea | 15.8% |
| 2 | Norway | 10.7% |
| 3 | Sweden | 7% |
| 4 | Japan | 6.7% |
| 5 | Denmark | 6.5% |
| 6 | UK | 6.3% |
| 7 | Portugal | 6.2% |
| 8 | U.S. | 5.8% |
| 9 | Spain | 5.7% |
| 10 | France | 5.3% |
| 11 | Italy | 5% |
| 12 | Austria | 4.4% |
| 13 | Belgium | 3.9% |
| 14 | Netherlands | 3.7% |
| 15 | Switzerland | 3.6% |
| 16 | Germany | 3.5% |
| 17 | Australia | 3.4% |
| 18 | Canada | 3.3% |
| 19 | Finland | 2.8% |