Zimbabwe Inflation at 10.2 Quadrillion Percent!
I found this article interesting:
Zimbabwe is the first country in the 21st century to hyperinflate. In February 2007, Zimbabwe’s inflation rate topped 50% per month, the minimum rate required to qualify as a hyperinflation (50% per month is equal to a 12,875% per year). Since then, inflation has soared.
The last official inflation data were released for July and are hopelessly outdated. The Reserve Bank of Zimbabwe has been even less forthcoming with money supply data: the most recent money supply figures are ancient history—January 2008. Read More Here
531 billion percent inflation- we need new text books
I understand that the latest estimates put inflation in Zimbabwe at 531,000,000,000 %! That’s astounding even for me a Zimbo through and through. I laugh when I think of how so impossible it must be for people who have never been to Zim to understand how the bleep this is can exist in parallel with an economy that somehow still clunks along. Read more
