Sunday, February 9, 2014

The 10 Countries With the Highest Inflation Rates

Below is a list of countries with very high price inflation rates for the year 2012, based on data from the World Bank.

One caveat, these countries must not exist, if you hold to a Paul Krugman view of the world. He recently wrote:
 The real track record of fiat currencies is that most of them are run responsibly except in the aftermath of political chaos. If you look at the actual facts, you discover that episodes of high inflation have become quite rare[...]

Country
2012 Inflation Rate
Belarus
59.2%
Sudan
37.4%
Syria
36.7%
Iran
27.3%
Ethiopia
22.8%
Malawi
21.3%
Venezuela
21.1%
Burundi
18%
Yemen
17.3%
Tanzania
16%
Source: The World Bank.

(Via the Motley Fool)

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