Abstract
Angola’s wholesale price index (wpi) is expected to reach 715 in 2023, indicating that the country’s economy is heavily affected by inflation. The wholesale price index indicates price fluctuations of goods traded in the wholesale market, with a high index meaning prices are rising sharply. Angola has endured years of civil war and political instability, as well as structural economic problems, resulting in the chronic problem of rising prices. Additionally, energy price fluctuations and currency volatility also play a role. As a trend so far, prices have been unstable due to lack of economic policies and influences from international markets, and these factors will need to be addressed in the future.
Wholesale Price Index
Data showing that Venezuela’s Wholesale Price Index reached 4.01k in 2016, with the current index representing 100% of the peak, indicates extreme inflation and economic crisis. From 1960 to 2023, Venezuela’s wholesale price index showed a sharp increase. This is mainly due to political instability, poor economic policies, and the collapse of oil prices. In particular, although Venezuela has the world’s largest oil reserves, its oil-dependent economic structure has revealed its fragility. The index peak in 2016 was the result of hyperinflation, meaning commodity prices skyrocketed. Fluctuations in the index since the peak reflect the impact of economic difficulties and policy responses, and fundamental reforms are needed for sustained economic stability.
The maximum is the latest one, 4.01k of Venezuela
Wholesale Price Index (Worldwide)
Data showing that Venezuela’s Wholesale Price Index hit 4.01k in 2016, with the current index equivalent to 100% of the peak, indicates extreme inflation and economic collapse in the country. Between 1960 and 2023, Venezuela’s economy has experienced many ups and downs, most notably the rapid rise in prices since the mid-2010s. A combination of government economic failure, political instability and a sharp drop in oil prices led to a steep decline in the value of the currency. This caused the wholesale price index to reach astronomical figures and commodity prices to skyrocket. The current index being at the same level as the peak means that Venezuela is still facing a severe economic crisis and has yet to achieve price stabilization. This situation suggests that structural reforms and stable policies are needed to achieve sustainable economic growth.
The maximum is the latest one, 4.01k of Venezuela
Wholesale Price Index (worldwide, latest year)
In the 2023 wholesale price index (wpi) data, Angola has the highest value at 715, compared to an average of 294 and a total of 1.18k. Angola’s high index reflects the severe inflation and skyrocketing prices the country faces. Prices are unstable due to years of civil war, fluctuations in the price of oil resources on which the economy is highly dependent, and political instability. On the other hand, the average of 294 indicates that many countries around the world are facing rising price pressures. The total of 1.18k indicates the overall size of the wholesale price index internationally, suggesting regional economic differences and the impact of price fluctuations on the global economy. These data provide important indicators when considering how economic policies and fluctuations in international markets affect wholesale prices.
The maximum is 715 of Angola, the average is 294, and the total is 1.18k
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