Zimbabwe Inflation Breaks Above 11,200,000%
Source: http://stockerblog.blogspot.com/2008/08/zimbabwe-inflation-breaks-above.htmlPosted on Saturday, August 23rd, 2008 | In Current Market News, Stocks to Watch
Contributed by: Fred Fuld (http://stockerblog.com) -
The inflation rate in Zimbabwe is so bad that the country recently came out with a 100,000,000,000 dollar bill. In spite of the runaway inflation and an election dispute, the Zimbabwe stock market was rising for a while.
If you believe the government of Zimbabwe, the inflation rate in that country for the month of June was ‘only’ 11.2 million percent. However, many economists believe that the actual inflation rate is much, much higher.
Stockerblog.com has created this graph showing the country’s inflation rate for the last ten years. It is using a logarithmic scale so that it doesn’t look so bad.
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