A great post from 24/7 Wall Street blog.
While inflation has been relatively tame in the United States and Europe, several large nations have struggled with rising prices. Sadly, most instances are simply stagflation, where prices are rising but the economic growth is substandard. A high inflation rate jeopardizes a country’s economic stability and the well-being of its people. 24/7 Wall St. reviewed the nations with the highest inflation rates around the world and it was in many cases shocking to see which nations were on the list.
As was the case in the United States, even a modest increase in health care costs of a few percentage points had major repercussions for the population as lower-income residents stopped affording many services. In developing and emerging economies, rising prices can cause much more severe problems as most of the benefits of economic growth are being absorbed by a higher cost of living. Unlike much of the developed world…
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