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Africa Subsaharan
Zim inflation 'incalculable'
2007-11-28
Zimbabwe's chief statistician has said it is impossible to work out the country's latest inflation rate because of the lack of goods in shops. "There are too many data gaps," the Central Statistical Office's Moffat Nyoni told state media.

Many staple goods are often absent from shop shelves after the government ordered prices to be halved or frozen in a bid to stem galloping inflation. September's inflation rate was put at almost 8,000%, the world's highest. Other reports suggest the rate could be at near 15,000% and the International Monetary Fund had warned it could reach 100,000% by the end of the year.
Posted by:Fred

#6  > Zimbabwe's chief statistician has said it is impossible to work out the country's latest inflation rate because of the lack of goods in shops.

See price controls can "defeat" inflation! No goods, mean no price rises.

It also defats famine in the same way. No food= no people = no starvation.
Posted by: Bright Pebbles   2007-11-28 14:08  

#5  "Bob! I need a calculator that has more digits"
"No!"
"Bah! This inflation is incalculable!"
Posted by: flash91   2007-11-28 12:48  

#4  The price of toilet paper remains stable.
Posted by: wxjames   2007-11-28 12:39  

#3  Circling the Drain of History
Posted by: mojo   2007-11-28 12:12  

#2  Socialism. Let's give it another spin!
Posted by: Excalibur   2007-11-28 09:01  

#1  Compare to DRUDEREPORT > THANK YOU, ABU DHABI. Citibank Group's internationl a*** is saved.
Posted by: JosephMendiola   2007-11-28 03:25  

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