Tuesday, 20 May 2008

Inflation Values of various countries across the globe

People across the globe are concerned about the high value of inflation that is hitting them and have shattered their household budgets. But what exactly is happening at the extreme ends when it comes to inflation?
World-Inflation-statistics

Rediff has compiled some data about the extreme cases of countries which have really high value of inflation. The following data is presented in the consolidated format:

1. Zimbabwe: Inflation 355,000%
Unemployment – 80%
A sausage sandwich sells for Zimbabwean $50 million. A 15-kg bag of potatoes cost Zimbabwean $260 million. But then, Zimbabwean $50 million is roughly equal to US$ 1!

2. Iraq: Inflation 53.2%

3. Guinea: Inflation 30.9%

4. San Tome and Principe: Inflation 23.1%

5. Yemen: Inflation 20.8% : unemployment is rampant at 35 per cent.

6. Myanmar: Inflation 20%

7. Uzbekistan: Inflation 19.8%

8. Democratic Republic of Congo: Inflation 18.2%

9. Afghanistan: Inflation 17%

10. Serbia: Inflation 15.5%

Wikipedia provides another nice map-based presentation about the inflation figures of various countries:

World-Inflation-figures

Imagine if you were a resident of any of these countries in the present era of high inflation. Table of Contents

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