Showing posts with label Price Doubling. Show all posts
Showing posts with label Price Doubling. Show all posts

Tuesday, November 18, 2008

89.7 Sextillion

Cato's Weekly Zimbabwe inflation figures are out this week. Their annual inflation rate is 89.7 sextillion percent. That is nearly 90 followed by 21 zero's. Their monthly inflation rate is 79.6 billion. Last weeks inflation rate gave a a price doubling time of 22hrs 28 minutes, which was slightly better than last week.

Thursday, November 13, 2008


Zimbabwe Situation is predicting that Zimbabwe will break the all time inflation record in 6 weeks. This would be prices more than doubling every 15.3 hours.





The latest figures put the country's annual rate at 516 quintillion per cent – 516 followed by 18 zeros – overtaking Yugoslavia in 1994 and putting it behind only Hungary in 1946.

With goods unavailable and official statistics widely distrusted, the Cato Institute in Washington calculated the figures based on exchange rate movements and market data.

In post Second World War Hungary monthly inflation reached 12,950,000,000,000,000 per cent, with prices doubling every 15.6 hours – Zimbabwean prices are currently doubling every 1.3 days. Read More ...

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.