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noarms51 t1_j676h1c wrote

Venezuela img

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80milesbad t1_j67ok9m wrote

Egg there prolly $125 each

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Cthvlhv_94 t1_j68g3pc wrote

Last Week, now its 200

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HooahClub t1_j68iwda wrote

Every second it raises another arm, leg, and probably any other spare human body parts you have lying around. 156% is “lower” my god.

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AlexDKZ t1_j6bh9wj wrote

Bought eggs today, $1.95 for a pack of 15. One of the few foods that are actually affordable around here.

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Puzzled_Fig9981 t1_j67mhpg wrote

Hey, at least it’s not getting worse

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Pickled_Sloth t1_j68d2ov wrote

That’s definitely the color green. If I know anything about the stock market, it’s which color is green.

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StockNinja99 t1_j691rk3 wrote

Remember when all the pro socialism media were touting the success of Venezuela? 😂

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ImFedUpWithItAll t1_j6948pj wrote

Well, inflation is dropping there so we should go all in Venezuela equities right??

That's how all those saying this is the bottom of spy sound to the rest of us.

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notoneforusernames t1_j67630v wrote

One thing’s for sure- we can all trust the data coming from the Chinese government

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TacoSeasun t1_j67d1gc wrote

I dunno. Part of me thinks that number might be close. CPC weren't printing cash like other countries, plus possible they had lower consumer demand with their longer lockdowns.

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chetoman1 t1_j67i8jf wrote

This is the real answer. Chinese people were literally fuckin locked in their homes unable to even buy food, and the Chinese government barely printed a single dollar. Hell they even encouraged the US to keep going on their destructive path by saying the rate increases were dangerous.

Why the fuck would they have high inflation? I do suspect their rate will rise to about 2-2.5% as they just recently abandoned zero covid only a month and a half ago.

Source: net worth in NIO. Read a lotta Chinese news From both America and overseas.

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burrysputs t1_j67y4cs wrote

I'm balls deep in baba and tencent. OP's chart is a big part of my thesis.

Remember 2021 and the reopening? Yeah it's gonna happen in China now.

UniNvEStAbLE!!1!

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TacoSeasun t1_j68n2cs wrote

The Chinese Yuan may likely be the strongest currency in the next 1 to 2 years. I also read there is a lot of pent up savings and demand that the citizens hold, but ibalso think the government will control that if they have to.

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UnsafestSpace t1_j69oj4a wrote

The Yuan is the US Dollar, they are basically the same currency since China pegs the RMB to the USD.

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UnsafestSpace t1_j69of35 wrote

> and the Chinese government barely printed a single dollar

The Chinese RMB is pegged to the USD, so whilst they weren't printing money (to prevent their property market overinflating even more than it already did), it did fuck the country in other ways.

You can't have a pegged currency and not keep in step with the currency you're pegged to via both interest rates and liquidity, without causing a major economic crisis.

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chetoman1 t1_j69ug3t wrote

Yeah it may be a double edged sword but the sharp end that’s aimed at China is rather dull. The number of countries that increased their yuan holdings while limiting or even reducing their USD is baffling. All while China has lower inflation (regardless of the peg) and reopening prospects. They urged the US to keep their rates low as fuck because arguably we’re cutting off our own limbs here in the states while China suffered a mere paper cut.

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MrValaki t1_j6741t3 wrote

Im missing Hungary. We have 24%

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gen_adams t1_j69scfs wrote

officially. tej 900, margarin 1000. kurva anyjat ennek a tolvaj ciganynak meg az arsapkainak, nemzeti rablo kozmuszolgaltatoinak amikkel a kiuritett kasszat probaljak feltolteni a mi zsebeinkbol. amikor meg jon a 9000 milliard az eutol kisirva, abbol faszt se kapunk (covid alap ami minden eu orszagban ment az alkalmazottaknak, csak itt nem hivtak le nekunk) 🥲

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Dothemath2 t1_j674uw6 wrote

Wouldn’t all the countries all raising rates together tank the world economy like a global recession?

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NoobInvester018 t1_j67jqjj wrote

Technically yes, but only in the long term. The issue is that you have some economy that's rebounding on the positive belief that central banks around the world will start rate cuts in the future.

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UnsafestSpace t1_j69o3no wrote

Not just that, but you have economies like India with a huge % of the world population that are booming just like China in 2008, actually China was coming to the end of it's bull run back then but India (and countries like Nepal and Bangladesh in its sphere of influence) are just getting started.

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Slicklickfstick t1_j6bd0ng wrote

This is probably a question better for google but is there an India ETF or any good ADRs?

2

Leading-Mix802 t1_j6btrap wrote

$INDA but id stay away while the Adani fraud accusations play out.

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Fausterion18 t1_j6a3290 wrote

Yes, but that's not happening. Countries that raised quickly like US and Canada are already looking to stop or have stopped hikes.

Countries like Japan are starting to raise now.

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Optimistbott t1_j674uja wrote

What about Zimbabwe tho.

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Eastern_Roman_Empire t1_j67s0f1 wrote

10000000000000000000000 %

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HooahClub t1_j68j16c wrote

They fully adopted the doge coin as their currency. Sadly their entire country could only buy 3.

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Optimistbott t1_j6c1cg5 wrote

I’m frankly so bullish on Zimbabwe. I’m thinking about buying so much of their cash that the carrying cost is like way higher than the actual value of the cash

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Fausterion18 t1_j6a2w5l wrote

Same as US, they abandoned their own currency and use USD now.

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Optimistbott t1_j6c14tz wrote

They’ve been pretty good about not printing money though. I’m bullish on Zimbabwe. Are there any zimbabwe etfs? Buy the dip.

1

Financial_Ocelot_256 t1_j67cunh wrote

Obviously nothing changes in Finland, it's the fucking Dante's last hell circle there! Everything is frozen! The citizens of that place are Elks and reindeers xD

Fucking Argentina, never gets a moment to rest!

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ErrorAccurate3759 t1_j67x9a6 wrote

As an elk from Finland I confirm this to be true statement.

Also our inflation would be about the same as Germanys or closer to Frances but a lot of our food, materials and energy were normally bought from russia and ukraine.

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migidi t1_j68bazs wrote

its just our currency that went down a lot.

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Grammari t1_j6btgle wrote

Yeo. Finnish markka has weakened in proportion to USD. Our government should have applied to EU instead of Nato.

1

Plastic-Umpire4855 t1_j67vrcf wrote

Switzerland couldn’t have got “more expensive” :)

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_tagachi t1_j67jt5o wrote

China 1.8% just like the ZERO COVID policy.

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Fausterion18 t1_j6a3a0k wrote

The covid shutdown crushed their consumer demand. It's gonna pick back up now that they reopened.

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CreativeMinds47 t1_j67tvps wrote

Wouldn't agree to Switzerland data! Fuel up 30% near barrel at same levels as where it was 30% lower. Pack of Mozzarella from 1.60 and 200g to 2.69 and 170g, same with most other food. Electricity bill up 40%, literally everything went up for at least 20%!

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VisualMod t1_j673fd0 wrote

It is clear that inflation rates vary significantly from country to country. In some countries, like China and Taiwan, inflation is relatively low, while in others it is quite high. This data suggests that people's purchasing power varies widely across the globe.

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7

[deleted] t1_j676zoc wrote

China is full of it and every number they release is a lie

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OptimalBarnacle7633 t1_j67daq0 wrote

You’ll be hard pressed to find any government in the world thats completely truthful about their inflation statistics

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rotmanman t1_j67d4wa wrote

-10000000 social credit, Taiwan is not a country. Please apologize and buy Bing chilling.

0

Illustrious-Welder-8 t1_j6832p2 wrote

Do they all use the same methodology of calculating inflation…?

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Entropico_ARG t1_j68wcfz wrote

Nope

Some countries like Argentina or Venezuela tend to raise or lower the number faking it bcs some bonds are attached to the country inflación rate

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NerBog t1_j69h40c wrote

Can confirm, feels like a lot more

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Funztimes t1_j683ufk wrote

Australia is 7.8% now

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flat_line_ t1_j68a3hu wrote

Go UK! Gradually moving up that list 💪🏻

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Intrepid00 t1_j68flnm wrote

I’d love to see Ghana added to this list. It was the 3rd worst performing currency.

3

bd_one t1_j693oa2 wrote

And yet some people think that a currency union between Argentina and Brazil will work out when one has normal-ish inflation for a developing country and the other... is Argentina.

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Worldstarbatman t1_j677msd wrote

That’s a lie because look at your buying power. Don’t let them con you when you see how much stuff is and that you can’t afford food. A pack of charmin tp is 23 bucks when 3 years ago it was 9.59

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jujulipsjason t1_j695zy4 wrote

This is wrong. New Zealand came out with new figures this week. They were unchanged. Not lower.

2

MoltenMirrors t1_j6bbpj0 wrote

Turkey is still cutting interest rates and claiming that will keep inflation low by "stimulating the economy". Meanwhile they're quietly dumping foreign reserves to try and keep it from hitting triple digits and trading handjobs to China and Russia for currency swaps. This is what happens when a central bank is run by the president's family.

I give it maybe 5 years before Turkey is basically Venezuela. Sooner if AK somehow loses an election and all their bullshit comes crashing down.

2

throwayzfordayz6 t1_j6bk6is wrote

Why is China inflation so low? Also learned their government has subsidized home construction and rehabs. Watched a YouTube and they all live in these massive 10k sq Ft 3-4 story homes. When asked why poor rural areas could afford massive homes they said govt pays for it all.

2

Infamous_Sympathy_91 OP t1_j6c1l2n wrote

Subsidised worker housing for those workers whom you want to replicate (have large families).

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throwayzfordayz6 t1_j6cvuy8 wrote

This was mostly retirees. Grandma and grandpa only with massive 4 story gated homes. They have green vans that give everyone rides around town. Just saying it didn’t look that bad compared to the poor infrastructure we have here. I’m certain Congress is to blame raping tax payers in every omnibus bill while media keeps us all confused sleight of hand.

1

VisualMod t1_j673ey0 wrote

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1

Milwaukee4Life t1_j676oih wrote

Venezuela is obvious but I did t expect to see Argentina so high. Anyone know why?

1

Stachemaster86 t1_j67l1c5 wrote

I think corruption, distrust of local currency vs USD and diesel shortages have done them in. There’s a lot of import tensions/issues. I don’t recall the details but they’re volatile for currency.

3

Entropico_ARG t1_j68wrwt wrote

Corruption and a wall like china to buy or sell any from any place outside

Is like put your money in binance

You buy/sell the gvmtprint some fancy name coin and keep the dollars

And when you need dollars to trade outside they tax you 150%

1

Majestic-Two4184 t1_j68wko8 wrote

It’s always been high, they have had currency issues for years with rampant inflation. Lots of corruption

2

kad202 t1_j67dtks wrote

Did China really successfully cancel inflation?

1

Logco t1_j68j9rz wrote

Sure did. Also they have a bridge they’d like to sell you.

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aclinical t1_j67ibw9 wrote

Maybe don't make the entire yoy column green to distract from the column that actually matters.

1

Ok_Inspection_2799 t1_j68fwkm wrote

Let's be real. Inflation is what they tell us it is. No matter how high prices keep going up.

1

ekgpmd t1_j68gh6u wrote

Hmmmm, yes, those are indeed numbers alright.

1

Tnuvu t1_j68knvq wrote

I dare any financial expert to dare say the inflation is greater in china without accidently stepping of the balcony at the 10th++ floor

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live-and-let-live7 t1_j68lxsr wrote

What that is pathetic 😒 someone needs to rework the definition of cpi again to bring that down to 2%.

1

drmrcurious t1_j68o4my wrote

Does china do anything to keep it artificially lower or is that just cuz they been locked in their own homes?

1

CoitusCaptain t1_j68pqyd wrote

China’s reporting seems accurate…

1

NJsapper188 t1_j68rs4d wrote

This guy excels, with his if thans.

1

unclaimed404 t1_j68uq22 wrote

you guys forgot Lebanon

​

Nov 142.37%

Dec 135.0%

Jan 121.99%

​

Highest was in jan 2022 239.69 %

1

Thisismyvpnaccount t1_j691j41 wrote

Global Inflation sammie with extra untied states please

1

happyrolls t1_j69akla wrote

I will go broke more slowly next year at this rate. Yay!

1

Careless-Apricot-748 t1_j69ep8i wrote

Great but compare US inflation to the pay decrease percentage of jobs. The only jobs going up right now are jobs that out people in the higher class. Your typical job that you see people working are continuing to lower causing the separation between the classes to widen. Rich will stay rich. Poor will become poorer.

1

Yf_lo t1_j69hxo8 wrote

Oh China is going to be delightful

1

SammRod47 t1_j6a01yz wrote

Get ready to see why Brazil will rise even more this year

1

Wanna_Runn t1_j6a1jjp wrote

Bring back Volcker to fight inflation he will scare the shit out of a grizzly Powell couldn't scare a fainting goat

1

dert19 t1_j6a47xd wrote

So lockdowns keep inflation down

1

Mcluckin123 t1_j6a9t42 wrote

Can we remove the countries that have always had insane inflation which never factoried into anyone’s economic analysis ?

1

Fast_Championship_R t1_j6acjho wrote

Why is the USA not towards the top :(.

How unamerican of us!

1

BlueRidgeGamer t1_j6aeu6g wrote

It saddens me to see how much Poland has hurt from inflation. They deserve better. And absolutely deserve to be better on this list than Russia.

1

ahmrph t1_j6akl1e wrote

Egypt 🇪🇬 should be up there! 24.4% in December and that is from a Government source… so, you know the rate is way higher!

1

GLIXKYWITME t1_j6aqkwq wrote

Funny living in the UK now everyone atleast on Reddit acts like it’s so much better than the US but going to an elite uni for grad school with over half grad students almost none of us plan on staying in London/UK because of the direction we feel the country is going plus the low wages.

1

Chemical_Ad921 t1_j6auybl wrote

Isn‘t it weird that countries in the euro zone have different inflations?

1

heyho7785 t1_j6b0g82 wrote

Italy lower? Bullshit. In italy everything has skyrocketed

1

Sport926 t1_j6b8z6m wrote

But it's all Biden's fault. 🙄

1

Tetrylene t1_j6bbps4 wrote

Ignoring that cpi data is fudged to make the gov look as good as possible, all this means is the rate of inflation is accelerating slower than it was last year, not that it’s stopping, or reversing the effects it’s had.

1

Soitsgonnabeforever t1_j6dahim wrote

Why things going expensive in Australia. Isn’t it already expensive and overpriced. This is Melbourne traveller was in Singapore for the first time. He shared his happiness in getting so many decent food/beverage and svcs at a cut price in Singapore. I was awed when he mentioned that a regular bar martini may cost 20-25 aud.

1

jzbot4000 t1_j6g05ju wrote

How is Switzerland doing so well? Nazi gold?

1

concupiscence69 t1_j6gzrpa wrote

China is the only one at 1.0% - 1.9% That's actually impressive.

1

Tw_dahu t1_j6918cb wrote

It is impossible for Taiwan's CPI to be only 2.7%, it should be 8%!

0

Maleficent_Sound_919 t1_j6747nb wrote

This is the new normal lets just get on with our lives please!

Fucking clown shit!!!

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