10 Countries with the Highest Inflation in 2022

Economics & Macro

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Viva Budy Kusnandar 04/01/2023 13:10 WIB

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According to Trading Economics data, 10 countries experienced inflation above 50% in 2022.

10 Countries with the Highest Inflation in 2022

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10 Countries with the Highest Inflation in 2022

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10 Countries with the Highest Inflation in 2022

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The 2022 global political crises, conflicts, and soaring energy and food commodity prices fueled high inflation in many countries.

According to Trading Economics data, ten countries experienced inflation exceeding 50% last year. Several countries embroiled in prolonged wars even saw inflation surpassing 100%, meaning the price of goods and services in those countries more than doubled within the last year.

Zimbabwe recorded the highest inflation, reaching 244% (year-on-year/yoy) in December 2022.

Following closely were Venezuela with 156% (yoy) in October 2022, Lebanon with 142% (yoy) in December 2022, Syria with 139% (yoy) in August 2022, and Sudan with 103% (yoy) in October 2022.

Next, Argentina, the World Cup champion, experienced 92.4% inflation (yoy) in November 2022, followed by Turkey with 64.27% (yoy) in December 2022, Sri Lanka with 57.2% (yoy) in December 2022, Iran with 52.2% (yoy) in August 2022, and Ghana with 50.3% (yoy) in November 2022.

Not only developing countries, but also developed nations like the United States and the United Kingdom also suffered from high inflation due to rising energy commodity prices. In 2022, both countries experienced their highest inflation in several decades.

Editor : Adi Ahdiat

"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."

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10 Countries with the Highest Inflation in 2022

10 Countries with the Highest Inflation in 2022

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10 Countries with the Highest Inflation in 2022

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