rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » 18 countries struggling with inflation worse than India's

18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST

18 countries struggling with inflation worse than India's

     Next

Next

Inflation has been on of the biggest barrier to India’s growth for the past few years. RBI has kept a tight fist on interest rates, which many believe is holding back recovery. Simply put, companies can only expand if they get to borrow money at reasonable cost and there is enough liquidity.

Many countries world over are caught in the similar situation as India. Some, such as Venezuela and Syria have inflation over 50 per cent. This means, the price of commodities in the countries is doubling every year.

Let’s take a look at 18 such counties that have seen higher price rise than India.

Data Sources: tradingeconomics.com and CIA World Factbook

India

Latest reported inflation rate: 8.59 per cent

GDP (purchasing power parity): $4.962 trillion

Budget deficit: 4.5 percent of GDP

Click NEXT to read more…


Image: A vendor arranges eggs on a new 100 billion dollar note.
Photographs: Philimon Bulawayo/Reuters

     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Venezuela

Latest reported inflation rate: 61.50 per cent

GDP (purchasing power parity): $407.4 billion

Budget deficit: -9.8 per cent of GDP

Click NEXT to read more…


Image: The new mausoleum for remains of the South American independence leader Simon Bolivar is seen in Caracas.
Photographs: Carlos Garcia Rawlins/Reuters

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Syria

Latest reported inflation rate: 49.50 per cent

GDP (purchasing power parity): $107.6 billion

Budget deficit: -8 per cent of GDP

Click NEXT to read more…


Image: A general view shows Aleppo, the second-largest city in Syria.
Photographs: Reuters
Tags: GDP , Syria , India

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Sudan

Latest reported inflation rate: 37.70 per cent

GDP (purchasing power parity): $89.97 billion

Budget deficit: -4.4 per cent of GDP

Click NEXT to read more…


Image: A general view of buildings in Khartoum.
Photographs: Mohamed Nureldin Abdallah/Reuters
Tags: GDP , Sudan , India

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Malawi

Latest reported inflation rate: 23.90 per cent

GDP (purchasing power parity): $15.02 billion

Budget deficit: -1.4 per cent of GDP

Click NEXT to read more…


Image: Malawi market.
Photographs: Swathi Sridharan/Wikimedia Commons

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Iran

Latest reported inflation rate: 19.70 per cent

GDP (purchasing power parity): $987.1 billion

Budget deficit: -4.5 per cent of GDP

Click NEXT to read more…


Image: A general view of Tehran's cityscape.
Photographs: Reuters
Tags: GDP , Iran , India

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Belarus

Latest reported inflation rate: 17.20 per cent

GDP (purchasing power parity): $150.4 billion

Budget deficit: -0.2 per cent of GDP

Click NEXT to read more…


Image: A general view shows the headquarters of the Committee for State Security in Minsk
Photographs: Vasily Fedosenko/Reuters

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Ghana

Latest reported inflation rate: 14.70 per cent

GDP (purchasing power parity):  

Budget or deficit:

Click NEXT to read more…


Image: A statue of Ghana's first president Kwame Nkrumah is seen at his memorial park in Accra.
Photographs: Sahra Abdi/Reuters
Tags: GDP , India

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Mongolia

Latest reported inflation rate: 12.30 per cent

GDP (purchasing power parity): $90.41 billion

Budget of deficit: -9.5 per cent of GDP

Click NEXT to read more…


Image: Gers, traditional Mongolian tents, are seen on a hill in an area known as a ger district in Ulan Bator.
Photographs: Carlos Barria/Reuters

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Eritrea

Latest reported inflation rate: 12.30 per cent

GDP (purchasing power parity): $4.717 billion

Budget deficit: -13 per cent of GDP

Click NEXT to read more…


Image: An Eritrean man walks alongside the Red Sea port of Massawa.
Photographs: Reuters

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Bhutan

Latest reported inflation rate: 11.31 per cent

GDP (purchasing power parity): $5.235 billion

Budget deficit: -2.4 per cent of GDP

Click NEXT to read more…


Image: A general view of the Tashichhodzong.
Photographs: Singye Wangchuk/Reuters

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Guinea

Latest reported inflation rate: 10.30 per cent

GDP (purchasing power parity): $12.56 billion

Budget deficit: -5.1 per cent of GDP

Click NEXT to read more…


Image: A monument to Guinea-Bissau's independence is seen at a plaza in the capital Bissau.
Photographs: Joe Penney/Reuters

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Argentina

Latest reported inflation rate: 10.90 per cent

GDP (purchasing power parity): $771 billion

Budget deficit: -3.2 per cent of GDP

Click NEXT to read more…


Image: Overview of the Buenos Aires' docks.
Photographs: Enrique Marcarian/Reuters

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Nepal

Latest reported inflation rate: 9.72 per cent

GDP (purchasing power parity): $42.06 billion

Budget deficit: -3.1 per cent of GDP

Click NEXT to read more…


Image: People watch as the guard of honour for Nepal's President Ram Baran Yadav (not pictured) stands at attention during the Indrajatra festival in Kathmandu.
Photographs: Gopal Chitrakar/Reuters
Tags: GDP , Nepal , India

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Turkey

Latest reported inflation rate: 9.38 per cent

GDP (purchasing power parity): $1.167 trillion

Budget deficit: -2.1 per cent of GDP

Click NEXT to read more…


Image: A view of Istanbul's financial Levent district from the Sapphire Tower in Istanbul.
Photographs: Osman Orsal/Reuters

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Pakistan

Latest reported inflation rate: 9.18 per cent

GDP (purchasing power parity): $574.1 billion

Budget deficit: -7.7 per cent of GDP (2013 est.)

Click NEXT to read more…


Image: Pakistan's Faisal mosque is bathed in light on the twenty-seventh night of the fasting month of Ramadan in Islamabad.
Photographs: Mian Khursheed/Reuters

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Ethiopia

Latest reported inflation rate: 9.10 per cent

GDP (purchasing power parity): $118.2 billion

Budget deficit: -2.8 per cent of GDP

Click NEXT to read more…


Image: A general view shows a section of the skyline in Ethiopia's capital Addis Ababa.
Photographs: Tiksa Negeri/Reuters

Prev     Next

18 countries struggling with inflation worse than India's

Prev     Next
Prev

Next

Liberia

Latest reported inflation rate: 8.90 per cent

GDP (purchasing power parity): $2.898 billion

Budget deficit: -2.9% of GDP

Click NEXT to read more…


Image: A view of Benson Street in Monrovia.
Photographs: Luc Gnago/Reuters

Prev     Next

18 countries struggling with inflation worse than India's

Prev     More
Prev

More

Egypt

Latest reported inflation rate: 8.87 per cent

GDP (purchasing power parity): $551.4 billion

Budget deficit: -13.3 per cent of GDP

Click NEXT to read more…


Image: A small cruise boat passes Nile City Towers, which is owned by Naguib Sawiris the owner of Orascom Telecom, overlooking the river Nile in Cairo.
Photographs: Asmaa Waguih/Reuters
Tags: GDP , Egypt , India

Prev     More