Inflation Soaring Up to 200%: A List of Countries with the World's Highest Inflation

Economics & Macro

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Cindy Mutia Annur 14/10/2022 12:10 WIB

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According to Trading Economics, Zimbabwe recorded the highest inflation rate globally. In September 2022, the annual inflation rate in the African nation reached 280%.

Top 10 Countries with the Highest Annual Inflation Rates in the World (September 2022)

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Inflation Soaring Up to 200%: A List of Countries with the World's Highest Inflation

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Top 10 Countries with the Highest Annual Inflation Rates in the World (September 2022)

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The threat of very high inflation, or hyperinflation, looms over several countries worldwide. Some nations are even recording inflation rates exceeding 100% to 200% year-on-year (yoy).

This situation is caused by a number of factors, ranging from the Russia-Ukraine war and soaring commodity prices to economic crises in several countries.

According to a report by *Trading Economics*, Zimbabwe is recorded as having the highest inflation rate globally. In September 2022, the inflation rate in this African nation reached 280% yoy, a slight decrease from 285% yoy the previous month.

Zimbabwe even recorded inflation of 837.5% yoy in July 2020, the highest in the last 10 years.

Next, Lebanon had an inflation rate of 162% yoy as of August 2022. This was followed by Syria, Sudan, and Venezuela with inflation rates of 139% yoy, 125% yoy, and 114% yoy respectively.

Turkey also features on the list of countries with the highest inflation rates globally. The Ottoman country recorded an inflation rate of 83.45% yoy in September 2022.

This figure is the highest since July 1998, due to the weakening lira and the Turkish Central Bank (TCMB)'s decision to cut interest rates.

The following list shows countries with the highest inflation rates based on the latest data from *Trading Economics*, cited Friday, October 14th.

1. Zimbabwe – 280% (yoy)
2. Lebanon – 162% (yoy)
3. Syria – 139% (yoy)
4. Sudan – 125% (yoy)
5. Venezuela – 114% (yoy)
6. Turkey – 83.45% (yoy)
7. Argentina – 78.5% (yoy)
8. Sri Lanka – 69.8% (yoy)
9. Iran – 52.2% (yoy)
10. Suriname – 39.1% (yoy)

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."