Zimbabwe inflation hits 231 million per cent

[genlock]

By Sebastien Berger Southern Africa Correspondent
Last Updated: 7:24PM BST 09 Oct 2008

In June the statistic stood at 11.2 million per cent a year, but the state-owned Herald newspaper said that in July it was more than 20 times higher. Monthly inflation was 2,600.2 per cent, it added.

A loaf of bread, which cost Z$500 at the beginning of August, now costs between Z$7,000 and Z$10,000, even when it can be found.

The root cause of the country's hyperinflation is the government's policy of printing ever more money to meet its own needs, which has the effect of destroying the Zimbabwe dollar's value in terms of hard currency, sending the cost of anything imported soaring.

[AmpedNow]

So their government just prints more money to make up for inflation, thereby creating super-duper hyperinflation.

This may be our future...

[Bob Campbell]

You mean next week?

[Big Media]

Gas - $3.29/gal
Bread - $6.79
Milk - $10.59/gal
Cheese - $129.99/pound or $119.99 with your Kroger card.
Ice cream - Fergedaboudit.