Top 10 countries in the world by inflation rate for 2022 and 2023 forecasts

Inflation is one of the main indicators of economic development in each country. In 2022, record high inflation was recorded, which caused a real shock in the global economy. Some countries faced numbers that were several times higher than those of European and American economies. Recall that in the US and European countries, the average inflation rate reached about 9-10%. For these countries, this became a record figure.

Top 10 countries in the world by inflation rate in 2022. Countries with the highest inflation rates in the world.

TOP 10 countries in the world with the highest inflation by the end of 2022 and what is expected in 2023?

CountryInflation rate 2022Inflation rate 2023 (IMF forecast)
Sierra Leone27.237.8
Iran49.042.5
Suriname52.542.7
Haiti27.644.5
Ghana31.945.4
Turkey72.350.6
Sudan138.871.6
Argentina72.498.6
Zimbabwe193.4172.2
Venezuela200.9400.0
  • Sierra Leone. In 2022, inflation in this country reached 27.2%, and according to IMF forecasts, it will reach 37.8% in 2023.
  • Iran also made it into the top 10 countries with the highest inflation rate. In 2022, the figures were impressive – 49.0%, and in 2023, a decrease to 42.5% is expected.
  • Suriname ranks third in the list of countries with high inflation. In 2022, inflation was 52.5%, and in 2023, it is expected to drop to 42.7% according to IMF forecasts.
  • Haiti also faced a high level of inflation in 2022 – 27.6%. A further increase to 44.5% is expected in 2023.
  • Ghana ranks fifth in the list of countries with the highest inflation rate. In 2022, inflation was 31.9%, and according to IMF forecasts, it will increase to 45.4% in 2023.
  • Turkey ranks sixth in the top 10 countries with high inflation. In 2022, inflation reached 72.3%, and in 2023, a decrease to 50.6% is expected.
  • Sudan faced a catastrophically high level of inflation in 2022 – 138.8%. A slight decrease to 71.6% is expected in 2023.
  • Argentina ranks eighth in the list of countries with high inflation. In 2022, inflation was 72.4%, and in 2023, it is expected to increase to 98.6% according to IMF forecasts.
  • Zimbabwe also faced a high level of inflation. In 2022, inflation was 193.4%, and a slight decrease to 172.2% is expected in 2023.
  • Venezuela ranks last in the top 10 countries with high inflation. In 2022, inflation reached 200.9%, and a further increase to 400.0% is expected in 2023.

Inflation always affects the real estate market. The higher the inflation rate, the higher the prices of housing and other real estate properties. Therefore, if you plan to purchase real estate in one of the listed countries, consider the high level of inflation and remember to make future predictions.

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