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Study: Arab countries are among the countries with the highest inflation rate in the world

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Russia ranked 50th in inflation index among countries of the world as of the month of October 2022, with the highest rates of price growth recorded in Zimbabwe and two Arab countries in the aforementioned month.

The Novosti agency prepared a study based on data from the statistical services of the UN member states, the study included 155 countries that began to disclose economic data for the month of October since mid-December.

The study covered seven regions of the world: Asia, Sub-Saharan Africa, the Middle East and North Africa, Europe, Oceania, and South and North America.

According to the study, the highest annual inflation rate was recorded in October 2022 in Zimbabwe (268.8%), Lebanon (158.5%), Venezuela (155.8%), Sudan (102.6%) and Argentina (88 %).

The top ten countries with the highest price growth rates also included such countries as Turkey (85.5%), Sri Lanka (70.6%), Suriname (49.1%), Ghana (40.4%) and Cuba (39.7%).

In total, in October 2022, 6 countries around the world recorded price growth rates from 30% to 40%, while ten countries recorded an inflation rate in the range from 20% to 30%, and the inflation rate in 44 other countries fluctuated within 10 %. up to 20%.

As for Russia, which recorded an inflation rate of 12.6% last October, it ranked 50th, while Russia was preceded by Chile at 12.8% (51st) and Samoa ranked 49th. from 12.4%.

Source: News

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