Friday, April 3, 2015

Ukraine Price Inflation Rate: 111%

Ukrainians must should be glad the U.S. is messing with their government.

Prof. Steve Hanke writes:
 Venezuela has the dubious honor of registering the world’s highest inflation rate. According to my estimate, the annual implied inflation rate in Venezuela is 252%. 
The only other country in which this rate is in triple digits is Ukraine, where the inflation rate is 111%....That rate is much higher than the “official” rate of 34.5%. Both the International Monetary Fund’s Extended Fund Facility for Ukraine (which has recently been approved) and Ukraine’s debt rescheduling negotiations (which have just commenced) are sitting on quicksand. Programs and negotiations based on a false premise are always treacherous affairs.

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