BY CHRONICLE STAFF
Venezuela will have the highest inflation rate in the world this year, according to a Latin Business Chronicle analysis of estimates for 183 countries from the International Monetary Fund (IMF).
Venezuela will likely reach an inflation rate of 29.7 percent this year. That’s higher than the other top inflation economies in the world. The Democratic Republic of Congo is expected to reach a rate of 26.2 percent, Eritrea 20.5 percent, Guinea 16.6 percent and Sierra Leone 15.5 percent.
Last year, the Democratic Republic of Congo had the highest rate – 46.2 percent – with Venezuela’s rate of 27.1 percent becoming the fifth-highest globally.
Meanwhile, El Salvador will have the world’s lowest inflation – if countries with deflations (negative inflations) are excluded, according to the Latin Business Chronicle analysis. El Salvador will ...
Keywords: Argentina, Brazil, El Salvador, Brazil, Mexico, Venezuela
CHART: Latin America Inflation 2009-11