… Official inflation rate (March 2023): 104.3%.”Apr 27, 2023: “In this week’s Hanke’s Inflation Roundup, #Argentina is in 4th place. He also assumes that the dollar-domestic currency exchange rates (in the case of Ghana, the dollar-cedi rates) and the USA’s inflation rates are valid. The computed inflation rate was 13.733%, 1.99 times (almost double) the official Canadian inflation rate of 6.9% (in September 2022). If you apply the formula to compute the inflation of any country, the computed inflation rate rate will be very different from the official inflation rate. Because the formula is not meant for computing inflation and then claiming that it is more accurate than official inflation rates.

Source: GhanaWeb May 11, 2023 16:47 UTC