Inflation by the Decades: 1960s

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 119, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: For the 1960s, we recorded inflation data for 65 countries and territories. As expected, earlier decades have less data. This decade has most of the data for South America, but very little for other regions. Therefore, because there are few countries to compare to South American countries, 4 of the 5 most inflationary countries were in South America. The most inflationary country in the world was Indonesia; its annualized inflation was about 3x higher than the next most inflationary country, Uruguay. Nevertheless, it did not hyperinflate. There were no hyperinflations in this decade.3 However, this is partly due to the lack of data for the period. Economies in Asia, Africa, and Eastern Europe were unstable in this period, so their may have been cases of high inflation in these areas. Throughout the decade, 4 countries had annualized inflation rates of over 20%, and 6 countries had a rate over 10%.

Pages: 11 pages
Date: 2018-10
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jhisae:0119

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