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| Africa Subsaharan |
| Zimbabwe inflation rate hits 2.2 million percent |
| 2008-07-16 |
| HARARE (Reuters) - Zimbabwe's annual inflation rate, already the highest in the world, has hit 2.2 million percent, central bank Governor Gideon Gono said on Wednesday. "Some independent economists say our inflation is 7 million percent annually but the CSO (Central Statistical Office) says it's 2.2 million percent," Gono said at the launch of a government program to supply basic goods. Oh, good. Sounds like you're getting a handle on it, Gideon. The last official inflation figure of 164,900 percent year-on-year for February was released in April. |
| Posted by:tu3031 |
| #7 But it's out of date now, #5 RJ. ;-p |
| Posted by: Barbara Skolaut 2008-07-16 18:42 |
| #6 Peg the Zimbabeadollar to something of real value in the country. The Price of Bad Bob's family jewels! That should cause deflation. |
| Posted by: BigEd 2008-07-16 17:32 |
| #5 I got one, Jim D |
| Posted by: Redneck Jim 2008-07-16 16:04 |
| #4 Hey, it's only 2.8% a day. And that's no so bad. |
| Posted by: ed 2008-07-16 15:55 |
| #3 Hey, RD, don't you wish now that you had waited a bit more before buying that $10M Zimbob note? ;-) |
| Posted by: gorb 2008-07-16 15:32 |
| #2 Reporting an inflation rate of that magnitude reminds me of the old Star Trek episodes where Spock would advise of some event in 43.7 seconds - by the time it's stated, it's already wrong. |
| Posted by: xbalanke 2008-07-16 13:30 |
| #1 It's amazing to me that they haven't mobbed bob. |
| Posted by: bigjim-ky 2008-07-16 13:17 |