Nothing affects the citizens of the country other than the inflation rate. It directly directs the prices of every single thing that a citizen buys or sells within a country. There are multiple reasons and factors that affect the inflation rate.
Nowadays experts can be found saying on different platforms that the Ukraine-Russia war and global recession are what is causing inflation to go up.
Data from the World of Statistics account on Twitter has come out that shows the inflation rate of various countries. The lowest position is held by China with just Rs 1.8 inflation rate and the highest position is held by Argentina with 94.8% which is huge.
If we talk about India it is 5.72% which shows the lowest inflation rate among countries. Our friend country Russia is just in third position with an 11.9 % of the inflation rate. If we talk about the USA it is in 11th position with 6.5%.
Inflation rate:
Argentina 🇦🇷 94.8%Turkey 🇹🇷 64.27%Russia 🇷🇺 11.9%Italy 🇮🇹 11.6%UK 🇬🇧 10.7%Netherlands 🇳🇱 9.6%Euro Area 🇪🇺 9.2%Germany 🇩🇪 8.6%Mexico 🇲🇽 7.82%South Africa 🇿🇦 7.4%USA 🇺🇸 6.5%France 🇫🇷 5.9%Brazil 🇧🇷 5.79%India 🇮🇳 5.72%Indonesia 🇮🇩 5.51%China 🇨🇳 1.8%
— World of Statistics (@stats_feed) January 14, 2023
