Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Lebanon, Argentina, Zimbabwe countries with highest inflation in Feb

  • By Al Mayadeen English
  • Source: Agencies
  • 9 Apr 2023 16:02
4 Min Read

The Lebanese, Zimbabwean, and Argentine economies performed the worst in February in light of an ongoing economic crisis that saw no country in the world deflate.

  • x
  • People protest poverty and demand more government social programs as they block Puente Pueyrredon, a main entry point into Buenos Aires, Argentina, April 5, 2023 (AP)
    People protest poverty and demand more government social programs as they block Puente Pueyrredon, a main entry point into Buenos Aires, Argentina, April 5, 2023. (AP)

Lebanon, Argentina, and Zimbabwe were the countries with the highest annual inflation rates in February 2023, according to calculations made by Russian news agency Sputnik and based on data from national statistics. 

Inflation in Lebanon was at a whopping 190% in February, putting it in first place by far, while Argentina ranked second with an annual inflation rate of 102.5%. The country with the highest inflation rate in January, Zimbabwe, saw its inflation cooling down to 92.3% after it was at 230%.

Joanna Wronecka, the UN’s Special Coordinator for Lebanon, warned in a tweet that the Lebanese people are severely harmed by currency depreciation and inflation three years after Lebanon declared its first ever-sovereign default.

She also noted that the "Lebanese are still waiting for their leaders to act to rescue the country."

Wronecka further argued that reforms agreed upon with the IMF are "crucial and inevitable."

Most of Lebanon's population is now living in poverty as a result of the country's financial crisis, and the political class, which is frequently held responsible, has done nothing to address the situation.

China ranks lowest at 1%

Sudan and Suriname completed the top five list with their inflation rates being at 63.3% and 58%, respectively.

Related News

Over 20 world leaders to join SCO summit in Tianjin

Turkish ports require ships to declare no ties to 'Israel'

Inflation hit Europe pretty hard, as well, as Moldova ranked highest with 25.9%, followed by Hungary at 25.4% and Ukraine at 24.9% as Switzerland and Lichtenstein had the lowest inflation rates on the continent, at 3.4%.

In the Middle East, Lebanon, Turkey, and Egypt had the worst inflation rates, with the latter two's inflation rates being 55.2% and 31.9%, respectively. Oman had the lowest inflation rate, with 1.9%.

Asia's worst-ranking countries were Sri Lanka, 53.6%, Laos, 41.4%, and Pakistan, 31.5%. China ranked lowest with a mere 1% inflation rate.

Sri Lanka defaulted on its $46 billion foreign debt in April 2022 and was negotiating a bailout deal with the IMF to repair its shattered finances. The country witnessed months of lack of food, fuel, and medicine, extended power cuts, and inflation - which in turn has caused civil unrest and public outrage.

Months of protests during the height of the crisis pushed then-President Gotabaya Rajapaksa to depart the country and resign in July 2022 following accusations of economic mismanagement and corruption.

No deflation anywhere in the world

Moreover, it is the same in Pakistan. The Pakistani economy has been exacerbated by political instability, the global energy crisis, earthquakes, and the devastating floods that submerged large portions of the country in 2022.

As a result, the country requires billions of dollars of financing to service existing debt. It is also worth noting that foreign exchange reserves have also dwindled and the value of the rupee diminished.

The country in South Asia, which is home to more than 220 million people, must implement stringent tax changes and raise energy costs if it wants to receive the following tranche of a $6.5 billion IMF loan and avoid defaulting.

There was no deflation anywhere in the world, with half the world recording inflation rates above 8.7% in February.

Sputnik reported that it conducted the calculations on the basis of data from the national statistical agencies of all the 193 United Nations member states.

  • Turkey
  • Egypt
  • Pakistan
  • Sri Lanka
  • Argentina
  • Lebanon

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Displaced Palestinians walk through a makeshift camp along the beach in Gaza City, Sunday, Aug. 10, 2025 (AP)

Hamas, other factions accept Egypt-Qatar ceasefire proposal: Exclusive

  • Politics
  • 18 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS