Tuesday, November 11, 2008
Zimbabwe Monthly Inflation Rate: 13.2 Billion
Cato is reporting that the monthly inflation rate is 13.2 billion percent. Stated otherwise prices are doubling every 24.9 hours. The record inflation rate is price doubling ever 15 hours for a whole month. Hungary holds this record.
It looks like Zimbabwe is on pace to break the record. If you look at just the past week's data, prices are doubling every 22 hours 14 minutes. Interesting price doubling discussions here on Wikipedia.