Business Insider presents this chart on Venezuela’s inflation. According to IMF, the South American country would have the highest inflation rate by next year. Yes, someone has finally kicked Zimbabwe out of the top spot. Mind you, Venezuela doesn’t have the thousand percent level of inflation.
With inflation already a reboust 27.3% in September, the country looks well on its way to meeting these expectations.
The country is expected to have 28% inflation this year followed by 32% next year. Even in 2014, current trends point to 33.8% inflation.
Zimbabwe’s inflation will stand at 8.7% by 2010.