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.
Continued next page
(242 VIEWS)
Page: 1 2
The role of social media on how people get their news in Zimbabwe is being…
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…