4. San Tome and Principe: 23.1%
The mainstay of the economy of San Tome and Principe, an African nation, is agriculture. The main export from the nation is cocoa. It also exports coconut, coffee, etc.
The current inflation rate in San Tome and Principe is at 23.1%.
The country does not produce enough to meet domestic demand and thus is forced to import some essential commodities. With prices of food and other essential items rising in the global markets, imports for the nation have become almost unsustainable, leading to high prices and inflation.
The nation has undertaken myriad measure to reform the economy, but it is still early days and the results of liberalisation will only be noticeable over a period of time.
Image: Sao Tome's Prime Minister Patrice Trovoada. | Photograph: Francisco Leong/AFP/Getty Images
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