RT.com
21 Nov 2022, 10:54 GMT+10
Zimbabwe ranks first in terms of annual consumer price growth, while Russia is 45th
Zimbabwe, Lebanon and Venezuela are the world leaders in annual inflation, according to a study by the news agency RIA Novosti published on Sunday.
The agency made its calculations on the basis of the national inflation statistics of 193 countries across the globe. The final report included data from 155 states that by mid-November had disclosed their inflation data for September.
The highest inflation rate in the world was registered in Zimbabwe at 280.4%. The price growth in the country began to accelerate at the end of last winter and by September had accelerated 4.6-fold, the report stated.
Lebanon had the second worst inflation in the world at 162.47%. Elsewhere in the Middle East region, a high reading was recorded in Turkey (83.5%).
Venezuela, which has been suffering from elevated price growth for years, came in third place globally with inflation of 157.4%.
In Europe, the highest figure in September was registered in Moldova at 34%, followed by Ukraine with 24.6%. Lithuania had the highest reading in the EU at 24.1%.
READ MORE: IMF issues gloomy forecast for global economy
Russia ranked 45th on the list, with September price growth of 13.7%. Since then, however, inflation in the country has subsided to 12.4%, according to data published by the Ministry of Economic Development last week.
For more stories on economy & finance visit RT's business section
Get a daily dose of Zimbabwe Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Zimbabwe Star.
More InformationIn the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
New Delhi [India], July 11 (ANI): Bharatiya Janata Party (BJP) MP Praveen Khandelwal criticised the comments made Punjab Chief Minister...
New Delhi [India], July 11 (ANI): Ireland batter Peter Moor has announced his retirement from international cricket at the age of 35...
By Reena Bhardwaj Washington, DC [[US], July 11 (ANI): US President Donald Trump on Thursday (local time) announced that the US will...
Vancouver [Canada], July 11 (ANI): Canadian journalist Daniel Bordman called the attack on a cafe owned by comedian Kapil Sharma a...
KHARTOUM, July 10 (Xinhua) -- It was 2 p.m. in a displacement camp on the outskirts of Port Sudan, where the relentless sun had already...
The 17th BRICS summit was more than a photo op. It was a coordinated rejection of Western power and a declaration of intent A few...