According to the Spectator Index, Zimbabwe’s rate of inflation currently stands at 73 per cent and is only second to that of Venezuela which stands at 10 million per cent.
Zimbabwe experienced hyperinflation in 2008, which resulted in the abandonment of the local currency in favour of a multi-currency regime.
Highest inflation, 2019.
- Venezuela: 10,000,000%
- Zimbabwe: 73%
- Sudan: 49%
- Argentina: 43%
- Iran: 37%
- South Sudan: 24%
- Liberia: 22%
- Yemen: 20%
- Angola: 17%
- Turkey: 17%
- Uzbekistan: 16%
- Sierra Leone: 15%
- Libya: 15%
- Haiti: 14%
- Egypt: 14%
- Nigeria: 11%
- Zambia: 10%
- Ethiopia: 9%
Related:
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‘Businesses Should Not Increase Prices Based On Exchange Rate’, Says Government
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Inflation To Drop 15% By Year End – RBZ
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Zim’s Annual Inflation Rate Is 279% – Steve Hanke
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Bond Note Did Not Lose Value, Inflation Increased- Mangudya