What is considered a high inflation rate?
What Rate Is Considered High Inflation? Hyperinflation, on the other hand, occurs well beyond what the central bank targets with an annual inflation rate of 2%-3% (this is considered as acceptable for a healthy economy). Sometimes, countries with hyperinflation are able to produce an inflation rate of 50% or more on a daily basis.
What product has the highest inflation rate?
Where is Inflation Hitting the Hardest?Gasoline (+50%)Natural Gas (+28%)Used Vehicles (+26%)Meats (+15%)Furniture and Bedding (+12%)
What happens if inflation is too high?
Key TakeawaysInflation, the steady rise of prices for goods and services over a period, has many effects, good and bad.Inflation erodes purchasing power or how much of something can be purchased with currency.Because inflation erodes the value of cash, it encourages consumers to spend and stock up on items that are slower to lose value.More items…
Which countries have the highest inflation rate?
The Republic of Sudan. The Republic of Sudan, in Africa’s northeast, has the highest inflation rate on the continent. …Zimbabwe. At 60.74 percent, Zimbabwe’s inflation rate is the second-highest in Africa. …Ethiopia. Ethiopia’s inflation rate has risen to 33% due to the ongoing armed conflict that has harmed the economy.Nigeria. …Angola. …Zambia. …