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Fasten your seatbelts

08/12/2022 | 05:13am EST

Will the inflation train finally start to go down? It seems that for several months now, many countries have been stuck in an endless inflationary climb. At the head of the train is Zimbabwe with a 257% year-on-year increase in CPI. Sitting closer to us, Turkey is showing an overall price increase of around 80% year-on-year. As far as the Eurozone is concerned, it is Estonia that is at the top of this sad ranking, with an overall price growth of +22.8% as of July 1, 2022.

France is one of the good students in Europe. Placed in 4th position among European countries with the lowest inflation, it "only" shows an increase of 6.1 percentage points over one year. A nice score that allows it to slip just behind Malta (6.1%), Switzerland (3.4%) and Liechtenstein (2.5%). The traditional European good pupil, Germany, receives a lower score (+7.5% YoY). Even more surprisingly, The United Kingdom has seen its CPI rise by 9.1% since the beginning of the year. This inflation rate is just below the European average of +9.6%.

The 10 European countries with the lowest YoY inflation (tradingeconomics.com)

The 10 European countries with the highest YoY inflation (tradingeconomics.com)

Unfortunately, not all countries in the world can boast of having an effective inflationary shield in place. Some nations have been mired in an inflationary stranglehold for many years. The purchasing power of their currencies was eroding well before the Ukrainian-Russian conflict. Long before the thundering money printing of central banks. If Zimbabwe is a gold medal over one year (+257%), other countries such as Venezuela or Argentina are champions out of category over the last decade. With an annual average of 539% inflation between 2012 and 2022, there is a total increase of 11,291,723,881% over 10 years, you will probably have to spend a lot of money to subscribe to MarketScreener in Venezuelan Bolivar.

Find all the world inflation rates here


ę MarketScreener.com 2022
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