Argentina and Turkey Have the Highest Core Inflation Among G20 Countries

Economics & Macro

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Viva Budy Kusnandar 16/11/2022 12:40 WIB

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Argentina's Core Inflation Highest Among G20 Nations.

Core Inflation of G20 Countries (October 2022*)

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Argentina and Turkey Have the Highest Core Inflation Among G20 Countries

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Core Inflation of G20 Countries (October 2022*)

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Almost all countries in the world are currently experiencing inflationary pressure due to rising global energy and food commodity prices. Furthermore, the strengthening US dollar has also contributed to global inflation.

Argentina recorded the highest core inflation among G20 member countries. According to Trading Economics data, the country's core inflation reached 82.3% in October 2022 (year-on-year/yoy). This means that over the past year, the average price of goods in Argentina has increased by more than 82%.

Other G20 countries with high core inflation include Turkey, at 70.45% (yoy) in October 2022; Russia, at 16.16% (yoy); Mexico, at 8.42% (yoy); and Brazil, at 8.29% (yoy).

Indonesia's core inflation was 3.31% (yoy) in October 2022. This core inflation rate was the third lowest among the 18 G20 members for which data is available.

China had the lowest core inflation among G20 countries, at only 0.6% (yoy) in October 2022. This was followed by Japan with inflation of 3% (yoy) in September 2022.

Of the 18 G20 members, 14 experienced an increase in core inflation, while only 3 saw a decrease and 1 showed no change in October 2022.

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."