18 countries struggling with inflation worse than India's

Inflation has been on of the biggest barrier to India’s growth for the past few years. RBI has kept a tight fist on interest rates, which many believe is holding back recovery. Simply put, companies can only expand if they get to borrow money at reasonable cost and there is enough liquidity.

Many countries world over are caught in the similar situation as India. Some, such as Venezuela and Syria have inflation over 50 per cent. This means, the price of commodities in the countries is doubling every year.

Let’s take a look at 18 such counties that have seen higher price rise than India.

Data Sources: tradingeconomics.com and CIA World Factbook

India

Latest reported inflation rate: 8.59 per cent

GDP (purchasing power parity): $4.962 trillion

Budget deficit: 4.5 percent of GDP

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Venezuela

Latest reported inflation rate: 61.50 per cent

GDP (purchasing power parity): $407.4 billion

Budget deficit: -9.8 per cent of GDP

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Syria

Latest reported inflation rate: 49.50 per cent

GDP (purchasing power parity): $107.6 billion

Budget deficit: -8 per cent of GDP

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Sudan

Latest reported inflation rate: 37.70 per cent

GDP (purchasing power parity): $89.97 billion

Budget deficit: -4.4 per cent of GDP

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Malawi

Latest reported inflation rate: 23.90 per cent

GDP (purchasing power parity): $15.02 billion

Budget deficit: -1.4 per cent of GDP

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Iran

Latest reported inflation rate: 19.70 per cent

GDP (purchasing power parity): $987.1 billion

Budget deficit: -4.5 per cent of GDP

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Belarus

Latest reported inflation rate: 17.20 per cent

GDP (purchasing power parity): $150.4 billion

Budget deficit: -0.2 per cent of GDP

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Ghana

Latest reported inflation rate: 14.70 per cent

GDP (purchasing power parity):  

Budget or deficit:

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Mongolia

Latest reported inflation rate: 12.30 per cent

GDP (purchasing power parity): $90.41 billion

Budget of deficit: -9.5 per cent of GDP

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Eritrea

Latest reported inflation rate: 12.30 per cent

GDP (purchasing power parity): $4.717 billion

Budget deficit: -13 per cent of GDP

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Bhutan

Latest reported inflation rate: 11.31 per cent

GDP (purchasing power parity): $5.235 billion

Budget deficit: -2.4 per cent of GDP

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Guinea

Latest reported inflation rate: 10.30 per cent

GDP (purchasing power parity): $12.56 billion

Budget deficit: -5.1 per cent of GDP

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Argentina

Latest reported inflation rate: 10.90 per cent

GDP (purchasing power parity): $771 billion

Budget deficit: -3.2 per cent of GDP

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Nepal

Latest reported inflation rate: 9.72 per cent

GDP (purchasing power parity): $42.06 billion

Budget deficit: -3.1 per cent of GDP

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Turkey

Latest reported inflation rate: 9.38 per cent

GDP (purchasing power parity): $1.167 trillion

Budget deficit: -2.1 per cent of GDP

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Pakistan

Latest reported inflation rate: 9.18 per cent

GDP (purchasing power parity): $574.1 billion

Budget deficit: -7.7 per cent of GDP (2013 est.)

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Ethiopia

Latest reported inflation rate: 9.10 per cent

GDP (purchasing power parity): $118.2 billion

Budget deficit: -2.8 per cent of GDP

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Liberia

Latest reported inflation rate: 8.90 per cent

GDP (purchasing power parity): $2.898 billion

Budget deficit: -2.9% of GDP

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Egypt

Latest reported inflation rate: 8.87 per cent

GDP (purchasing power parity): $551.4 billion

Budget deficit: -13.3 per cent of GDP

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