What is inflation? Which country experienced one of the most severe inflations?
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Answer:
Venezuela
Explanation:
Crisis-hit Venezuela tops a list of countries with the highest levels of inflation, with a rate estimated at almost 300,000% in April. With the nation's political and economic turmoil showing no signs of abating, the IMF predicts the rate will soar to 10 million percent by the end of the year.
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infaltion- a continuous rise in price over a period called inflation
IMF: Zimbabwe has the highest inflation rate in the world.
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