Guess which country : fr 1992 to 2021, average inflation rate was 56.4% per year -
cityhantam - 23-04-2023
https://www.worlddata.info/europe/lithuania/inflation-rates.php#:~:text=During%20the%20observation%20period%20from,year%20inflation%20rate%20was%2016.6%25.
Inflation rates in Lithuania
The inflation rate for consumer prices in Lithuania moved over the past 29 years between -1.1% and 1,020.6%. For 2021, an inflation rate of 4.7% was calculated.
During the observation period
from 1992 to 2021, the average inflation rate was 56.4% per year. Overall, the price increase was 33,534.17%. An item that cost 100 euros in 1992 costs 33,634.17 euros at the beginning of 2022.
For March 2023, the year-over-year inflation rate was 16.6%.
This includes energy (+18.0%) and food (+27.6%).
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RE: Guess which country : fr 1992 to 2021, average inflation rate was 56.4% per year -
cityhantam - 23-04-2023
https://www.worlddata.info/europe/latvia/inflation-rates.php
Inflation rates in Latvia
The inflation rate for consumer prices in Latvia moved over the past 29 years between -1.1% and 951.7%. For 2021, an inflation rate of 3.3% was calculated.
During the observation period
from 1992 to 2021, the average inflation rate was 42.5% per year. Overall, the price increase was 10,603.58%. An item that cost 100 euros in 1992 costs 10,703.58 euros at the beginning of 2022.
For March 2023, the year-over-year inflation rate was 17.3%.
This includes energy (+29.5%) and food (+24.1%).
RE: Guess which country : fr 1992 to 2021, average inflation rate was 56.4% per year -
cityhantam - 23-04-2023
https://www.worlddata.info/europe/estonia/inflation-rates.php
Inflation rates in Estonia
The inflation rate for consumer prices in Estonia moved over the past 28 years between -0.5% and 89.8%. For 2021, an inflation rate of 4.7% was calculated.
During the observation period
from 1993 to 2021, the average inflation rate was 10.1% per year. Overall, the price increase was 993.49%. An item that cost 100 euros in 1993 costs 1,093.49 euros at the beginning of 2022.
For March 2023, the year-over-year inflation rate was 15.3%.
This includes energy (+15.5%) and food (+24.7%).
RE: Guess which country : fr 1992 to 2021, average inflation rate was 56.4% per year -
cityhantam - 23-04-2023
Compare with Singapore :
https://www.worlddata.info/asia/singapore/inflation-rates.php
Inflation rates in Singapore
The inflation rate for consumer prices in Singapore moved over the past 60 years between -1.8% and 22.4%. For 2021, an inflation rate of 2.3% was calculated.
During the observation period
from 1961 to 2021, the average inflation rate was 2.5% per year. Overall, the price increase was 324.54%. An item that cost 100 dollars in 1961 costs 424.54 dollars at the beginning of 2022.
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RE: Guess which country : fr 1992 to 2021, average inflation rate was 56.4% per year -
maxsanic - 23-04-2023
(23-04-2023, 10:51 AM)cityhantam Wrote: https://www.worlddata.info/europe/lithuania/inflation-rates.php#:~:text=During%20the%20observation%20period%20from,year%20inflation%20rate%20was%2016.6%25.
Inflation rates in Lithuania
The inflation rate for consumer prices in Lithuania moved over the past 29 years between -1.1% and 1,020.6%. For 2021, an inflation rate of 4.7% was calculated.
During the observation period from 1992 to 2021, the average inflation rate was 56.4% per year. Overall, the price increase was 33,534.17%. An item that cost 100 euros in 1992 costs 33,634.17 euros at the beginning of 2022.
For March 2023, the year-over-year inflation rate was 16.6%.
This includes energy (+18.0%) and food (+27.6%).
.
.
Countries like Lithuania will challenge many people's perception of how a "western" country should look like.
I've never been to Lithuania before, but travelled to its supposedly better off Baltic counterpart, Estonia, in 2019. It's really bad, somewhere between Cambodia and Laos in terms of development, but much more expensive because everything is in Euro.
In the capital city Tallin, once you venture outside the small CBD area and the touristy historical old town beside it, the place is pretty run down. Even the main Tallin train terminal was very messy, old and definitely not digitalized. I remembered asking from one local to another, one station staff to another, just to figure out how to buy a ticket and get a train out of Tallin.
There is this small city called Valka which spans across the border of Latvia and Estonia and it was really old and delipidated. The main town square is still bearable, got basic services like painting, road repairs and environmental hygiene as it is a mini tourist attraction, but the moment you walk into the town proper it feels more like an abandoned old mining town and many of the inhabited buildings were in a state of disrepair.
I knew many of these Eastern European countries were not doing well, but when you actually see how backward they are it still is quite a visual shock.
RE: Guess which country : fr 1992 to 2021, average inflation rate was 56.4% per year -
cityhantam - 23-04-2023
(23-04-2023, 11:10 AM)maxsanic Wrote: Countries like Lithuania will challenge many people's perception of how a "western" country should look like.
I've never been to Lithuania before, but travelled to its supposedly better off Baltic counterpart, Estonia, in 2019. It's really bad, somewhere between Cambodia and Laos in terms of development, but much more expensive because everything is in Euro.
In the capital city Tallin, once you venture outside the small CBD area and the touristy historical old town beside it, the place is pretty run down. Even the main Tallin train terminal was very messy, old and definitely not digitalized. I remembered asking from one local to another, one station staff to another, just to figure out how to buy a ticket and get a train out of Tallin.
There is this small city called Valka which spans across the border of Latvia and Estonia and it was really old and delipidated. The main town square is still bearable, got basic services like painting, road repairs and environmental hygiene as it is a mini tourist attraction, but the moment you walk into the town proper it feels more like an abandoned old mining town and many of the inhabited buildings were in a state of disrepair.
I knew many of these Eastern European countries were not doing well, but when you actually see how backward they are it still is quite a visual shock.
Thank you for sharing! One point for you!
RE: Guess which country : fr 1992 to 2021, average inflation rate was 56.4% per year -
K88 shu shu - 23-04-2023
Sg got PAP, no need to scare.
RE: Guess which country : fr 1992 to 2021, average inflation rate was 56.4% per year -
cityhantam - 23-04-2023
Lithuania on the brink of bankruptcy?
RE: Guess which country : fr 1992 to 2021, average inflation rate was 56.4% per year -
maxsanic - 23-04-2023
(23-04-2023, 11:16 AM)cityhantam Wrote: Thank you for sharing! One point for you! ![Big Grin Big Grin](https://sgtalk.net/images/smilies/biggrin.png)
You're welcome