The data shows the 20 countries with the highest inflation rate in 2017. In 2017, Azerbaijan ranked 20th with an estimated inflation rate of about 12% compared to the previous year.
Inflation in industrialized and in emerging countries
Higher inflation rates are more present in third world or developing countries, because they often lack a sufficient central bank, which in turn results in the manipulation of currency to achieve short term economic goals. Thus, interest rates increase while the general economic situation remains constant.
