5 Countries with the Highest Inflation Rates

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1. Bolivarian Republic of Venezuela

Latest Annualized Inflation Reading: 440%

The Bolivarian Republic of Venezuela, or simply Venezuela, is a South American country with a $191 billion economy. Inflation data for the country is hard to come by, especially since its central bank has not published any estimates since October last year. The 440% inflation rate comes courtesy of the Venezuelan Economic Finance Observatory, an independent body of economists who released the latest annualized data in February 2023. The Venezuelan minimum wage was equal to $6.50 per month in January 2023, and its exchange rate crisis is often blamed for the devastating rise in prices that have plagued the country for years.

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