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The Countries with the Highest Inflation 2023

Source: Trading Economics (2023) Here's a comparison of inflation rates for every country in the world in 2023. China is one of the 5 nations with inflation below 2%. This 2% figure is the inflation target for many developed countries, but the vast majority are well above this. The countries highlighted in black are the G20 nations and a few other countries I often get asked about in the comments. The USA has 7.1% inflation which is lower than most of Europe. Germany gets into the top 100 with 8.6%. The UK ranks at number 68, just below the average inflation in the EU. It's one of 77 countries with double digit inflation. Into the top 50, the percentages are quickly rising up to 26.5%, where we see Ukraine coming in at number 20. There aren't many developed nations towards the top, but after their world cup win in December, Argentina ranks 6th. However, at number one, where the average price level rose by 244% in the last year is Zimbabwe. Check out the Shorts playlist for more videos like this! Subscribe for more videos looking at everything to do with the subject of economics. Put suggestions for video ideas in the comments section below and any feedback offered would be greatly appreciated. My videos are intended for educational and entertainment purposes. I try to credit the relevant parties for any work that I refer to in my videos (for example, citing relevant academic papers). If you believe a video does not observe good academic practice, please do not hesitate to contact me by email at [email protected]