Top-7 countries with highest inflation rate in 2023

Turkey

Turkey is also included in the list of top 7 countries with highest inflation rate in 2023. As of January 2023, Turkey’s inflation rate stands at 57.7%, the highest among all G20 nations. While the rate has fallen for the third consecutive month, it’s still significantly higher than others in the G20. Health, hospitality, food, and furnishings are the primary drivers of consumer price growth. This follows a period of unprecedented inflationary growth in Turkey, with an increase of more than 60 percentage points in just a year.

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