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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
A vendor arranges eggs on a new 100 billion dollar note.

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

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
The new mausoleum for remains of the South American independence leader Simon Bolivar is seen in Caracas.

Venezuela

Latest reported inflation rate: 61.50 per cent

GDP (purchasing power parity): $407.4 billion

Budget deficit: -9.8 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
A general view shows Aleppo, the second-largest city in Syria.

Syria

Latest reported inflation rate: 49.50 per cent

GDP (purchasing power parity): $107.6 billion

Budget deficit: -8 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
A general view of buildings in Khartoum.

Sudan

Latest reported inflation rate: 37.70 per cent

GDP (purchasing power parity): $89.97 billion

Budget deficit: -4.4 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
Malawi market.

Malawi

Latest reported inflation rate: 23.90 per cent

GDP (purchasing power parity): $15.02 billion

Budget deficit: -1.4 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
A general view of Tehran's cityscape.

Iran

Latest reported inflation rate: 19.70 per cent

GDP (purchasing power parity): $987.1 billion

Budget deficit: -4.5 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
A general view shows the headquarters of the Committee for State Security in Minsk

Belarus

Latest reported inflation rate: 17.20 per cent

GDP (purchasing power parity): $150.4 billion

Budget deficit: -0.2 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
A statue of Ghana's first president Kwame Nkrumah is seen at his memorial park in Accra.

Ghana

Latest reported inflation rate: 14.70 per cent

GDP (purchasing power parity):  

Budget or deficit:

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
Gers, traditional Mongolian tents, are seen on a hill in an area known as a ger district in Ulan Bator.

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

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
An Eritrean man walks alongside the Red Sea port of Massawa.

Eritrea

Latest reported inflation rate: 12.30 per cent

GDP (purchasing power parity): $4.717 billion

Budget deficit: -13 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
A general view of the Tashichhodzong.

Bhutan

Latest reported inflation rate: 11.31 per cent

GDP (purchasing power parity): $5.235 billion

Budget deficit: -2.4 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
A monument to Guinea-Bissau's independence is seen at a plaza in the capital Bissau.

Guinea

Latest reported inflation rate: 10.30 per cent

GDP (purchasing power parity): $12.56 billion

Budget deficit: -5.1 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
Overview of the Buenos Aires' docks.

Argentina

Latest reported inflation rate: 10.90 per cent

GDP (purchasing power parity): $771 billion

Budget deficit: -3.2 per cent of GDP

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18 countries struggling with inflation worse than India's

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

Nepal

Latest reported inflation rate: 9.72 per cent

GDP (purchasing power parity): $42.06 billion

Budget deficit: -3.1 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
A view of Istanbul's financial Levent district from the Sapphire Tower in Istanbul.

Turkey

Latest reported inflation rate: 9.38 per cent

GDP (purchasing power parity): $1.167 trillion

Budget deficit: -2.1 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
Pakistan's Faisal mosque is bathed in light on the twenty-seventh night of the fasting month of Ramadan in Islamabad.

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.)

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
A general view shows a section of the skyline in Ethiopia's capital Addis Ababa.

Ethiopia

Latest reported inflation rate: 9.10 per cent

GDP (purchasing power parity): $118.2 billion

Budget deficit: -2.8 per cent of GDP

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18 countries struggling with inflation worse than India's

Last updated on: June 04, 2014 15:55 IST
A view of Benson Street in Monrovia.

Liberia

Latest reported inflation rate: 8.90 per cent

GDP (purchasing power parity): $2.898 billion

Budget deficit: -2.9% of GDP

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18 countries struggling with inflation worse than India's

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

Egypt

Latest reported inflation rate: 8.87 per cent

GDP (purchasing power parity): $551.4 billion

Budget deficit: -13.3 per cent of GDP

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