Without looking, my guesses are Venezuela and Argentina. I’ll go look and see how close I was.
Edit: It proves difficult to find a consensus ranking, but the top countries seem to consistently involve Zimbabwe, Sudan, Argentina, Venezuela, Lebanon, and Turkey. The order changes depending on the metric of what defines inflation and over what time period you’re looking at.
How do people in Turkey survive? Did everyone buy something instead of save it on a bank account? Or did they transfer the money to another country or just buy foreign currency? How can the economy handle this? Sry I am spoiled…
In the US at least, the vast majority of people live paycheck-to-paycheck, so as long as wages rise with prices inflation doesn’t affect most people. Wages rise with prices, right? Right?
Yeah but that’s - to be clear - bullshit distraction talk. That’s not “people” as in many folks, that’s politicians distracting from the difficult discussions (i.e. Inflation) and trying to rile up people. At least in my social bubble it didn’t work - it was mocked a bit and then forgotten.
I could be wrong but I don’t think you’ve accounted for the change in rate over time. 1 euro was about 4 lira in 2017 so 2017 was more like 50c. Today 1 euro is about 35 lira so it’s about 6 to 7 euros at 220 lira. Crazy when you think that’s about the price of a kebab in in euro/UK but compare income here to Turkey.
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