We have included annual inflation figures for a large number of countries. It also looks like Argentina are winning the cup here. The country registered no less than 92.4 percent inflation in November and is thus slightly higher than Turkey at 84.4 percent.
So it is very bad for Argentine savers to keep pesos in the bank or in an old sock. A year later, they could barely afford half of the same batch of paintings. In practice, active street trading in US dollars or other “hard” currencies has developed relatively well.
In Turkey, too, there are major problems with currency depreciation, which makes the EU’s historically high inflation numbers pale in comparison. The Netherlands (9.9 percent) is just below the eurozone average (10.1 percent).
Here is a complete overview of inflation:
Great Britain 10.7%
South Africa 7.4%
United States 7.1%
There are countries where annual inflation has reached more extreme levels than in Turkey and Argentina, but these numbers are from a few months ago:
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