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Inflation and Prices - Consumer price inflation

(%)

South Sudan is the top country by inflation rate in the world. As of 2016, inflation rate in South Sudan was 380.78 %. The top 5 countries also includes Suriname, Angola, Mozambique, and Ghana.

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Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.