5 Countries with the Highest Inflation Rates

3. Republic of Lebanon

Latest Annualized Inflation Reading: 124%

The Republic of Lebanon is a Western Asian country that has been beset with one economic crisis after another. Lebanese inflation soared to 124% in January 2023 and its central bank was forced to devalue its currency by a stunning 90% in February 2023 – leading supermarkets to list the prices of items in U.S. dollars instead.