Your question: What was the highest inflation rate in Argentina?

Inflation Rate in Argentina averaged 192.96 percent from 1944 until 2021, reaching an all time high of 20262.80 percent in March of 1990 and a record low of -7 percent in February of 1954.

What is the inflation rate in Argentina?

Argentina’s annual inflation rate tops 50% as global prices soar.

What is the highest inflation rate in history?

The Post-World War II hyperinflation of Hungary held the record for the most extreme monthly inflation rate ever – 41.9 quadrillion percent (4.19 × 1016%; 41,900,000,000,000,000%) for July 1946, amounting to prices doubling every 15.3 hours.

Why is inflation in Argentina so high?

As is always the case with rapid inflation, the price increase in Argentina was fueled by rapid expansion of the money supply. … These rules often take the form of monetary rules, under which the central bank promises to keep the growth rate of the money supply within specified limits.

What is China’s inflation rate?

Projections by the IMF published in April 2021 expect the inflation rate to reach about 1.2 percent in 2021. The monthly inflation rate in China remained on a low level recently.

Inflation rate in China from 2010 to 2020 with forecasts until 2026.

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Characteristic Year-on-year change
2019 2.9%
2018 2.11%
2017 1.56%
2016 2%

What is the current inflation rate for 2020?

Considering the annual inflation rate in the United States in recent years, a 2.25 percent inflation rate is a very moderate projection.

Projected annual inflation rate in the United States from 2010 to 2026*

Characteristic Inflation rate
2022* 2.4%
2021* 2.26%
2020 1.25%
2019 1.81%

What is US inflation rate 2020?

For example, the rate of inflation in 2020 was 1.4%. The last column, “Ave,” shows the average inflation rate for each year using CPI data, which was 1.2% in 2020.

Which country has the highest inflation rate?

In 2020, Sudan ranked 3rd with an estimated inflation rate of about 163.26 percent compared to the previous year.

The 20 countries with the highest inflation rate in 2020 (compared to the previous year)

Characteristic Inflation rate compared to previous year
Zimbabwe 557.21%

What is 2021 inflation rate?

The annual inflation rate in the United States has decreased from 3.2 percent in 2011 to 1.2 percent in 2020.

Monthly 12-month inflation rate in the United States from July 2020 to July 2021.

Characteristic Inflation rate
Jul ’21 5.4%
Jun ’21 5.4%
May ’21 5%
Apr ’21 4.2%

What is the unemployment rate in Argentina?

This statistic shows the unemployment rate in Argentina from 1999 to 2020. In 2020, the unemployment rate in Argentina was at approximately 11.67 percent.

Argentina: Unemployment rate from 1999 to 2020.

Characteristic Unemployment rate
2020 11.67%
2019 9.84%
2018 9.22%
2017 8.35%
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Why Did inflation targeting fail in Argentina?

We argue that the main reason for its failure was an internal inconsistency in how the central bank implemented inflation targeting, and a negative credibility shock accelerated that said inconsistency in December 2017.

Was Argentina a rich country?

Argentina began the 20th century as one of the wealthiest places on the planet. In 1913, it was richer than France or Germany, almost twice as prosperous as Spain, and its per capita GDP was almost as high as that of Canada. … The century’s golden beginning was followed by far less prosperous decades.