Despite the Russian Central Bank's spending of $40 billion over the last two months, the ruble has been significantly dropping for weeks. The price of 1 USD was 32.86 rubles in January, but is now 43 rubles, a drop of over 30%. Food prices in Russia have sky rocketed, dairy and meat costing over 10% more.

Venezuela is known to have a higher inflation than that of its trading partners. In the fall of 2012, Venezuela's inflation and the black market rate for the dollar both began to rise. However, the government announced a new system, SICAD II, on February 19 to break the cycle of inflation-depreciation. So far, the new system has tamed the black market. It is predicted that SICAD II will draw currency exchanges away from the black market, but it also stated that it will worsen the inflation problem.

South Korea's inflation fell as supply-side inflationary pressures eased on lower prices of farm goods and oil products. The inflation is lower that the Bank of Korea's inflation target, which is 2.5~3.5%. While prices of farm and oil products declined, demand-side inflationary pressure remains at a high level.