These are the 10 countries with the most inflation in the world (and 3 are from South America)

(CNN Spanish) — Inflation continues to give what to talk about in various countries of the world. A few days ago it became known that in the United States the Consumer Price Index rose 8.5% for the year ending in March, reaching a new maximum in 40 years.

Inflation is the measure that shows the increase in prices over time; in other words, how much the prices of goods and services have risen in a given period. When prices increase over time, the value of your money decreases (known as reducing purchasing power).

In this context, prices have not only risen in the US, but inflation is rising globally due, among other reasons, to the war in Ukraine. The most affected by this situation are the developing countries.

“The war in Ukraine triggered a costly humanitarian crisis that requires a peaceful solution. At the same time, the economic damage caused by the conflict will contribute to a significant slowdown in global growth in 2022 and will increase inflation. Fuel and food prices have increased rapidly, hitting vulnerable populations in low-income countries the hardest,” notes the International Monetary Fund (IMF) in the “World Economic Outlook” for April 2022.

Biden: the war in Ukraine will continue to affect the world economy 0:33

Against this background, the IMF estimates that average inflation in 2022 for developed economies will be 5.7%, and 8.7% for emerging markets and developing countries.

What are the countries with the highest inflation today?

Below, we present the 10 countries with the highest inflation in 2021 and what their projections are for the current year.

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