India Ranks 13th In Countries With Highest Inflation Rate List: Study

Inflation has become a significant issue, not just in India, but worldwide. Data shows that India’s inflation rate is relatively lower compared to major global economies. For instance, Argentina’s inflation rate is around 60 times higher than that of India. Did you know that Argentina tops the list of countries most affected by inflation, with a rate of 272 percent? Recently, the World of Statistics published a list on the social media platform X, highlighting the inflation rates of various countries. It is a relief to know that India is not in the top 10 nations. The top ten countries on this list are Argentina, Syria, Turkey, Lebanon, Venezuela, Nigeria, Egypt, Pakistan, Bangladesh, and Russia.

Syria holds the second position on this list, with an inflation rate of 140 percent. Turkey is third, with an inflation rate of 71.6 percent. Following Turkey, Lebanon has an inflation rate of 51.6 percent, Venezuela 51.4 percent, Nigeria 34.19 percent, Egypt 27.5 percent, Pakistan 12.6 percent, Bangladesh 9.72 percent, and Russia 8.6 percent. India ranks 13th on this list, with an inflation rate of 5.08 percent. To put Argentina’s inflation in perspective, it’s approximately 60 times higher than India’s. Notably, India’s neighbouring countries, Pakistan and Bangladesh, are among the top 10 countries with the highest inflation. Pakistan’s inflation rate is roughly two and a half times greater than India.

Inflation is the rate at which the general level of prices for goods and services rises, causing purchasing power to fall. In other words, when inflation occurs, each unit of currency buys fewer goods and services than it did before. This economic concept is typically measured annually and is expressed as a percentage. Inflation can be caused by various factors, including increased demand for goods and services, rising production costs, and changes in the supply of money.

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