Inflation by the Decades: 2000s

Steve H. Hanke and Tal Boger
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Steve H. Hanke: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise
Tal Boger: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 123, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: For the 2000s, we recorded inflation data for 190 countries and territories. Previously, Latin America seemed to suffer most from inflation. However, economic policy throughout the decade reduced the elevated inflation rates which plagued them throughout the late 20th century. With Latin America escaping its elevated inflation, Sub-Saharan Africa became the most inflationary region. Countries in Eastern Europe, the Middle East, and the Balkans also experienced high inflation rates. Specifically, Zimbabwe had an infamous case of hyperinflation. From March 2007 to mid-November 2008, Zimbabwe hyperinflated, with daily rates reaching 98.0% in the last month. At its peak, it took a mere 24.7 hours for prices to double. Throughout the decade, 35 countries had annualized inflation rates of over 20%, and 90 countries had a rate over 10%.

Pages: 14 pages
Date: 2018-10
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