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Global inflation leaders revealed

Added 11-21-22 12:37:04am EST - “Zimbabwe, Lebanon, and Venezuela are the world's leaders in inflation, RIA Novosti calculations show” - Rt.com

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Posted By TheNewsCommenter: From Rt.com: “Global inflation leaders revealed”. Below is an excerpt from the article.

Zimbabwe, Lebanon and Venezuela are the world leaders in annual inflation, according to a study by the news agency RIA Novosti published on Sunday.

The agency made its calculations on the basis of the national inflation statistics of 193 countries across the globe. The final report included data from 155 states that by mid-November had disclosed their inflation data for September.

The highest inflation rate in the world was registered in Zimbabwe at 280.4%. The price growth in the country began to accelerate at the end of last winter and by September had accelerated 4.6-fold, the report stated.

Lebanon had the second worst inflation in the world at 162.47%. Elsewhere in the Middle East region, a high reading was recorded in Turkey (83.5%).

Venezuela, which has been suffering from elevated price growth for years, came in third place globally with inflation of 157.4%.

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