No. 10

Ethiopia 

Ethiopia's inflation rate increased to 36.6 percent in April 2022 from 34.7 percent in March 2022, putting it in tenth place. Prices of both food (42.9 percent vs. 43.4 percent in March) and non-food products pushed prices upward (28.1 percent vs 23.5 percent).

No. 9

Iran

On the strength of growing costs for housing and utilities, food and non-alcoholic drinks, and transportation, Iran's inflation in May 2022 hit its highest level since September 2021. In May 2022, the rate of inflation jumped to 39.3 percent, up from 35.6 percent in April 2022.

No. 8

Argentina  

Argentina's inflation rate reached 58 percent in April 2022, the highest since January 1992.

No. 7

A country on the northeastern Atlantic coast of South America 

Suriname 

Inflation in Suriname fell to 59.80% in April from 62.20 percent in March 2022 

No. 6

Turkey  

Turkey's inflation rate hit 73.5 percent in May 2022, the highest since October 1998. The increase was mostly linked to higher energy prices as a result of the conflict in Ukraine 

No. 5

Zimbabwe  

In May 2022, Zimbabwe ranked seventh in the world, with inflation of 131.7 percent. It hasn't been this high since May 2021. 

No. 4

Syria  

Syria, with a rate of 139.0 percent inflation in January 2022, is the world's fourth-highest inflation country.

No. 3

Lebanon 

Lebanon has the world's third-highest inflation rate. In April 2022, the country's inflation rate was 206.24 percent.

No. 2

Sudan 

Sudan's inflation rate was 220.70 percent in April 2022, the second highest in the world.

No. 1

Venezuela 

Venezuela has the highest inflation rate in the world, with a rate of 222.30 percent in April. The country's reliance on petroleum revenues made it particularly vulnerable to oil price swings in the 1980s and 1990s.

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