Inflation in other countries then the U.S

Economics Economics Questions
1

Apparently, the U.S doesn’t suffer from inflation as much as other countries, and those countries don’t even HAVE The Federal Reserve system that is in the U.S. Why is this?

-Zulu that suffers from 1000% price increases from inflation.

2007:

  1. Zimbabwe – 1,033.5%
  2. Iraq – 53.2%
  3. Guinea – 30.0%
  4. San Tome and Principe – 23.1%
  5. Yemen – 20.8%
  6. Burma – 20.0%
  7. Uzbekistan – 19.8%
  8. Congo, Democratic Republic of the –
    18.2%
  9. Afghanistan – 16.3%
  10. Serbia – 15.5%

And the 10 countries with the lowest inflation during 2007:

  1. Nauru – –3.6%
  2. Vanuatu – –1.6
  3. San Marino – –1.5
  4. Barbados – –0.5
  5. Seychelles – -0.4
  6. Dominica – –0.1
  7. Japan – 0.2
  8. Niger – 0.2
  9. Kiribati – 0.5
  10. Antigua and Barbuda – 0.6
2

Zimbabwe – Reserve Bank of Zimbabwe
Iraq – Central Bank of Iraq
Guinea – Bank of Papua New Guinea
San Tome and Principe – Banco Nacional de São Tomé e Príncipe
Yemen – Central Bank of Yemen
Burma – Central Bank of Myanmar
Uzbekistan – Ўзбекистон Республикаси Марказий банки
Congo, Democratic Republic of the – Banque Centrale du Congo
Afghanistan – Afghanistan Bank
Serbia – National Bank of Serbia

3

A lot of these countries have to inflate to pay off their IMF loans. See zimbabwe here.

4

How does that matter?

5

They have a monopolist central bank, just like the US.

6

The reason their inflation is higher, is they are not able to borrow money, would be my guess. The U.S. does not have high inflation yet because people keep financing the governments debt.

7

Fuck the IMF.

8

This.

9

I could not agree more.

But anyways, Germany was renowned for having low inflation in the post-war years, allegedly due to the Bundesbank’s independence from the Bundestag. The European Central Bank is based on the Bundesbank.