Although Lichtenstein appears last on this list, it is important to note that its numbers are from December, when the whole world had lower inflation rates. The worst European inflation occurred in (as we’ve already mentioned) Turkey, Moldova, Estonia, and Russia. We have to remember that as Milton Friedman once said, “inflation is always and everywhere a monetary phenomenon”Įuropean inflation has been on the upswing like most of the rest of the world in 2022. Although it is well below the 2.2 million percent that it once was.īack in February, we wrote about the Massive Gap Between Official Turkish Inflation and Reality. Number 5 is Zimbabwe which has suffered from the worst hyperinflation off and on this entire millennium. Syria has the 4th highest inflation in the world and we wrote about its hyperinflation back in 2013. Number 3 is Lebanon which is also suffering a repeat performance of hyperinflation. Apparently, as we projected the Venezuelan foray into cryptocurrency didn’t solve their inflation problem. The country with the second-worst inflation rate in the world should also be no surprise… Venezuela. But we have to remember that these are the “official inflation rates” the actual real-life inflation experienced by consumers could easily be much higher or even double the official rate. As of this writing, Sudan is the country with the highest inflation rate in the world at 260%. The top ten have suffered from hyperinflation consistently even when the rest of the world had very low inflation rates. The top countries with the highest inflation are the typical group of suspects. African Inflation Rate by Country Countries with the Highest Inflation Rates.Countries with the Highest Inflation Rates.The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020.
The average inflation rate around the world is 7.4%. Historical Inflation Rates for Japan (1971 to 2014).
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