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Inflation by the Decades: 1950s

Author

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  • Hanke, Steve H.

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

  • Boger, Tal

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

Abstract

For the 1950s, we recorded inflation data for 39 countries and territories. As expected, earlier decades have less data. This decade has most of the data for South America, but very little for other regions. Therefore, because there are few countries to compare to South American countries, each of the top 7 most inflationary countries in the world were in South America. The most inflationary country in the world was Bolivia. However, its annualized inflation was very low for the most inflationary country in the world. Usually, the most inflationary country in the world has an annualized inflation above 100%. Bolivia’s was only 61.80%. There were no hyperinflations in this decade.3 However, this is partly due to the lack of data for the period. Economies in Asia, Africa, and Eastern Europe were unstable in this period, so their may have been cases of high inflation in these areas. Throughout the decade, 4 countries had annualized inflation rates of over 20%, and 5 countries had a rate over 10%.

Suggested Citation

  • Hanke, Steve H. & Boger, Tal, 2018. "Inflation by the Decades: 1950s," Studies in Applied Economics 118, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    • Handle: RePEc:ris:jhisae:0118
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    References listed on IDEAS

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    1. Steve H. Hanke and Alex K. F. Kwok, 2009. "On the Measurement of Zimbabwe’s Hyperinflation," Cato Journal, Cato Journal, Cato Institute, vol. 29(2), pages 353-364, Winter.
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