IMF: US Tied for Highest Inflation Rate, Global Debt Hits Record $226 Trillion

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The U.S. economy tied for the highest level of inflation in 2021 among developed economies, the International Monetary Fund (IMF) reported.

IMF data found that the United States and Iceland were at the top of the list of 35 nations for rising consumer prices. The organization noted that the inflation rate clocked in at 4.3 percent for both countries as of October 2021.

Other notable names in the “inflation rate, average consumer prices” category for advanced economies were Puerto Rico (4 percent), Canada (3.2 percent), New Zealand (3 percent), and Germany (2.9 percent).

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