Living Beyond Borders Articles

Hard Numbers: World inflation champs, hyperinflation history, device deflation, how much do you spend on food?

A customer counts Venezuelan Bolivar notes at a stall in a municipal market in Caracas, Venezuela.
A customer counts Venezuelan Bolivar notes at a stall in a municipal market in Caracas, Venezuela.
REUTERS/Gaby Oraa

538: What country currently has the highest annual inflation rate in the world? Crisis-wracked Lebanon (190%) is up there, and so too are the perpetually mismanaged economies of Argentina (103%) and Zimbabwe (92%). But at the moment, independent economists say Venezuela’s annualized price growth is running at a dizzying 538%. A combination of overspending and a plummeting currency is to blame.

143: You’ve probably heard about the quadrillion percent inflation that took hold in post-World War II Hungary, an episode generally regarded as the worst example of hyperinflation in modern history. But the one that started it all was in France more than 150 years earlier, when in the months after the French Revolution, inflation hit 143%. Let them eat cake, indeed.

24: Is anything getting cheaper these days? Yes! It’s in your hand/pocket/purse! According to the latest US Consumer Price Index report, which tracked prices through February, the item that has shown the biggest price drop is … smartphones, which cost 24% less than a year ago.

59: How much does food price inflation hurt? In Nigeria, households spend an average of 59% of their income just on eating. The figure for most emerging and developing economies is above 25%, while among the wealthiest G7 economies, it’s closer to 15% or less. In the US, an average household spends just below 7% of its income on food.

More For You

Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.

People walk along Dubai Creek Harbour, amid the U.S.-Israel conflict with Iran, in Dubai, United Arab Emirates, March 6, 2026.
REUTERS/Amr Alfiky/File Photo

Iran could reportedly receive up to $300 billion in a reconstruction fund for its battered economy as part of its interim peace deal with the US, but US President Donald Trump said on Wednesday that the US would not be the one paying for it.