Inflation round-up

For the first time in many months our table of high-inflation countries has shrunk significantly. There are 14 fewer nations suffering double-digit inflation this time (see table below) compared with our last inflation round-up in March. Furthermore, with numerous countries on the list seeing their trends change from 'rising' to 'falling', and only two newcomers (Guinea-Bissau and Zambia), there is every reason to believe considerable further shrinkage will be seen next time around. 

Not surprisingly, several ever-present countries, all of which have huge domestic issues to contend with, bucked the global downward trend. Price rises in Argentina, Cuba, Myanmar, Pakistan, Sierra Leone and Surinam, among others, continued to accelerate, while both Lebanon and Venezuela saw huge jumps in their annual inflation, largely due to recent big currency losses.

Global Mobility teams managing expatriate staff pay in these countries are used to the frequent challenges they present. Hopefully, however, such difficulties are beginning to ease in numerous other locations as inflation recedes. If you could benefit from our long-standing expertise on all aspects of international mobility, do please get in touch.