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In 2022, world prices for food According to the Food and Agriculture Organization of the United Nations (FAO), they reached a record level, adding to the already high inflation recorded in the previous year.
International Monetary Fund (IMF) forecasts indicate that inflation will rise to 8.8% by the end of 2022, but in some countries the price index is above average.
With this in mind, which countries provided the highest level of inflation during 2022?
The data shows that Venezuela has registered inflation of 305%, according to an independent measurement by the Venezuelan Financial Observatory (OVF).
These figures show that due to the rate of acceleration devaluation bolivar, the economy may return to a new hyperinflationary process.
In second place, Zimbabwe was the second country with the highest inflation in 2022, reaching 244%. Previously, in 2021, its inflation was 98%; and in 2020 – 558%.
Third place country Lebanonwith inflation of 142% until November.
It is worth noting that in this country, the economy collapsed in 2019 due to default, and a 58 percent recession has accumulated between this year and 2021. For 2022, the World Bank predicts a fall of 5.4%.
Fourth among the countries with the highest inflation is Argentina, which recently reported an inflation rate of 94.8%. This recorded level is the highest annual inflation rate in three decades.
Finally in fifth place Turkeywhich represents inflation at 64% and surpassed Argentina in 2021.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.