Top 10 Countries Highest Inflation Rate 2019, Data Beautiful
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Bar Chart Race Data Visualization
After Venezuela (282972.8%) and Zimbabwe (175.66%), the highest inflation rates were registered in South Sudan (56.1%), North Korea (55%) and Argentina (54.4%), while the lowest annual rates were registered in Libya (-7.1%), Burundi (-4%), and Burkina Faso (3.9%). The global inflation rate is currently around 3.6%.
Crisis-hit Venezuela tops a list of countries with the highest levels of inflation, with a rate estimated at almost 282972.8 percent in April 2019. Amid political and economic uncertainty, the CEOWORLD magazine predicts the rate will soar to 10 million percent by the end of 2019. The table below lists countries with the highest inflation rates in 2019.
High inflation is generally detrimental to the economy. Prices tend to rise faster than wages, meaning that people and firms have less purchasing power. The rate of inflation has a big impact on your financial situation, affecting mortgage payments, savings and the cost of your weekly shopping. This, in turn, leads to slower growth in the gross domestic product (GDP).
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