Archive for the ‘Hyperinflation’ tag
A Loaf of Bread for Z$200 Billion? Now That’s Inflation
Zimbabwe is the latest example of what happens when inflation spirals
out of control to the point of hyperinflation. With the highest rate of
inflation in the world - about 2.2 million per cent -
Zimbabwe last week issued a Z$100 billion note, though still not enough
to buy a loaf of bread, which is roughly double the price.