The agency “Novosti” reported that Venezuela had the highest inflation rate in the world until last October, with a 317% increase in the cost of services and the cost of living, surpassing Lebanon, which ranked second with 215%. The agency added that according to statistics from 193 countries, Lebanon ranked second globally with an annual inflation rate of 215%.
After Lebanon, Argentina experienced an increase of 143%, followed by Turkey with 61.4% and Sierra Leone with 54.6%. In Europe, the highest inflation rate was recorded in Hungary at 9.9%, followed by Serbia at 8.5% and Romania at 8.1%. Meanwhile, Belgium recorded the lowest inflation index at 0.4% and Denmark at 0.1%.
Lebanon, Turkey, and Iran were the leading countries in price growth in the Middle East, with a 39.2% increase, while inflation was more moderate in Libya, where prices only increased by 0.1%.
Among the Asian countries, Pakistan experienced the highest price growth at 26.9%, followed by Laos at 25.8% and Kazakhstan at 10.8%. On the other hand, Brunei had the lowest inflation rate at 0.1%.
Until last October, around half of the countries in the world witnessed varying price growth, with an average of 4.8%. Prices rose by 6.7% in Russia and 6.6% in Poland.
In October of last year, inflation decreased in 97 countries worldwide, with the largest reduction being observed in Haiti, with a decline of 9%.
Suriname experienced an 8% slowdown while Rwanda had a 5.5% deceleration.
