OPINION | Inflation 2022 and major contributors By Bienvenido S. Oplas, Jr. READ:
By Bienvenido S. Oplas, Jr.
As of today, only a few countries in the top 50 largest economies in the world have reported their December 2022 inflation data. In Table 1, I list five countries each in Europe and Asia. Europe has been severely affected mainly because of high energy prices. Germany, the largest economy in Europe and fourth largest in the world, experienced its highest inflation in 70 years. Switzerland, which has the lowest inflation in Europe, still experienced 29-years high price increases.
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