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Consumer price inflation


Liberia is the top country by inflation rate in the world. As of 2018, inflation rate in Liberia was 23.6 %. The top 5 countries also includes Angola, Sierra Leone, Turkey, and Haiti.

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What is inflation rate?

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

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