ISLAMABAD: The World of Statistics has recently released global inflation data, shedding light on the prevailing economic conditions across various countries.
Pakistan, unfortunately, has witnessed a significant surge in its inflation rate, reaching an alarming level of 38%. This places the country at the sixth position globally in terms of inflation rates. Topping the list are Venezuela, Lebanon, and Syria, with Venezuela claiming the title of the most expensive country due to its staggering inflation rate of 436%. The economic challenges faced by Venezuela, an OPEC member country, are exacerbated by the sanctions imposed by the United States.
Lebanon follows closely behind as the second most expensive country, experiencing an inflation rate of 269%. Meanwhile, Syria is expected to witness further inflationary pressures in the near future.
Among the other notable statistics, the report highlights that Syria holds the third-highest inflation rate in the world, standing at 139%, while Pakistan maintains its position at the sixth spot with a 38% inflation rate.
The World of Statistics also reveals that Saudi Arabia’s inflation rate is gradually increasing, currently at 2.8%. Great Britain recorded a relatively higher inflation rate of 8.7%, while India stood at 4.24%.
Moreover, the data indicates a significant decline in purchasing power in Afghanistan following the establishment of the Taliban government, with a meager increase of only one percent. In contrast, the United States reported a 4% inflation rate during the same period.