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Inflation by the Decades: 1990s

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 1990s, we recorded inflation data for 144 countries and territories. Unlike other decades, in the 1990s, countries in almost every region suffered from hyperinflation. Multiple post-Soviet states hyperinflated following the fall of the Soviet Union and the breakup of Yugoslavia, including the 3rd and 4th largest hyperinflations ever. The Democratic Republic of Congo hyperinflated the most in the 1990s out of countries for which we have data, with a peak monthly inflation rate of 78.5%. Latin American countries such as Argentina, Nicaragua, and Bolivia, improved upon their high inflation in the 1980s. However, Argentina and Nicaragua still were the 12th and 3rd most inflationary countries in the world, respectively. Throughout the decade, 32 countries had annualized inflation rates of over 20%, and 56 countries had a rate over 10%.

Suggested Citation

  • Hanke, Steve H. & Boger, Tal, 2018. "Inflation by the Decades: 1990s," Studies in Applied Economics 122, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    • Handle: RePEc:ris:jhisae:0122
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