The countries with the worst inflation rates are usually those experiencing political instability, war, or economic mismanagement.
Inflation in these countries can be so high that it erodes the value of their currencies and makes it difficult for citizens to afford basic necessities.
Here’s a look at countries with the highest forecasted inflation rates in 2023.
Highest inflation is in Zimbabwe at 204.6%
Inflation in Venezuela is at 195%
Inflation in Sudan is at 76.9%
Inflation in Argentina is at 76.1%
Inflation in Turkey is at 51.2%
Inflation in Iran is at 40%
Inflation in Sri Lanka is at 29.5%
Inflation in Ethiopia is at 28.6%
Inflation in Suriname is at 27.2%
Inflation in Sierra Leone is at 26.8%
Inflation in South Sudan is at 21.7%
Inflation in Haiti is at 21.2%
Inflation in Ghana is at 20.9%
Inflation in Pakistan is at 19.9%