Annual inflation in 69 countries was at its highest in several years in September
MOSCOW, November 23 – RIA Novosti. According to RIA Novosti calculations based on data from national statistical services, annual inflation in 69 countries in September was at multi-year highs, making Europe the most “inflationary” region – price increases in 27 countries in this region are at their peak.
The study was conducted by RIA Novosti based on statistical data from 193 UN member countries. The final sample included 155 states that released September data from seven regions of the world as of mid-November: Asia, Sub-Saharan Africa, Middle East and North Africa, Europe, Oceania, South and North America.
Price increases in September were at historic highs in three European countries: Bosnia and Herzegovina (17.3%), the Netherlands (14.5%), Germany (10%) and Sri Lanka (73.7%).
The oldest record was broken in Austria, where inflation hit 10.5%, the highest level since 1952. In Belgium, price growth also hit double digits in early autumn, reaching 11.3%, the highest level since 1975. In the UK, Denmark and Malta, inflation returned forty years ago – there it was 10.1%, 10% and 7.4% respectively. Residents of Finland, Italy, Norway, Tunisia, Morocco and the Kingdom of Tonga had to remember the pace of price increases in the second half of the 1980s.
Australia (7.3%), Sweden (10.8%), Portugal (9.3%), Argentina (83%), Czech Republic (18%), Croatia (12.8%) and Senegal ( 11.9% experienced the highest inflation since 2018. early 1990’s. Eleven countries, including Poland, Lithuania, Hungary, Latvia, Bulgaria and Turkey, have returned to the rates of price increases seen in the second half of the 1990s.
The highest rates of price increase since the first half of the 2000s were seen in Mexico, Slovakia, Laos, Ghana, Montenegro, Romania, Samoa, Gambia and Nigeria. At the same time, Singapore (7.5%), Guatemala (9%), Sao Tome and Principe (21.9%) and the Philippines (6.9%) have not seen such inflation rates since the 2008-2009 global financial crisis.
16 countries, including Egypt, Kazakhstan, Japan, Ukraine, Azerbaijan, Serbia and Kenya, recorded the highest inflation since the 2010s in September. Vietnam (3.9%), Democratic Republic of the Congo (9.05%), Uruguay (10%), China (2.8%) and Saudi Arabia (3.1%) returned to their coronavirus peaks.
Thus, inflation peaked in 27 countries in Europe (19 of them in the EU), 16 in Africa, 11 in Asia, 7 in the Middle East, three in Oceania and South America, and two in North America.
Source: Ria
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