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Country with the Highest Inflation*

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Country with the Highest Inflation*

Venezuela

Venezuela's 32.7% increase in the consumer price index for November is well above the next highest-ranking country, Pakistan (which came in at 25% inflation for the month.) Even so, the rate trailed the 33.1% anticipated by a mid-November Bloomberg survey of eight economists. Before this year, the oil-rich South American nation last saw inflation spike above 30% in 2003. In 2007, Venezuela had the highest inflation rate in the Western Hemisphere and economists are forecasting the trend will continue into 2009.

*Year-over-year increase in consumer price index in Oct 2008. or Nov. 2008, as reported by Bloomberg on Dec. 8