United States publication, Insider Monkey put Zimbabwe’s inflation at 92.3%, the official rate following Zimbabwe’s decision to use a weighted rate beginning February, but Streve Hanke said Zimbabwe’s inflation was 480% as of 23 February, the highest in the world followed by Venezuela with 463%.
Insider Monkey says Venezuela now has the highest inflation at 440%.
While Insider Monkey places Syria at number 2 with 139%, Hanke puts it at number 4 with 117%.
Insider Monkey has Lebanon at number 3 with 124% but Hanke puts Lebanon’s inflation at 331%.
Argentine is number 4 on the Insider Monkey list with 98.8% but it is number 9 on Hanke’s list with 93%.
Below are Insider Monkey’s 5 countries with the highest inflation in the world.
Latest Annualized Inflation Reading: 92.3%
The Republic of Zimbabwe is a South African landlocked country that has been beset by economic and political crises for most part of the last couple of decades. Inflation in Zimbabwe currently sits at 92.3%, and according to the IMF, the country will lead the world in inflation in 2023 which is projected to sit at a whopping 204.6% this year. The February reading of 92.3% marked a decrease from January’s 101.5%, and Zimbabwe has changed its inflation measuring method by now adopting a mix of prices in both the U.S. dollar and the Zimbabwean dollar.
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