Bad inflation
By Michael J.W. Stickings
Hey, I complain when the Blue Jays raise their ticket prices. But this -- well, this provides some perspective:
And it could be -- and get -- even worse:
Well done, Tyrant Mugabe. Quite the little paradise you've got over there.
Hey, I complain when the Blue Jays raise their ticket prices. But this -- well, this provides some perspective:
Zimbabwe's annual rate of inflation jumped to 7,638% in July according to the first official figures to be published for three months.
And it could be -- and get -- even worse:
Last month, the International Monetary Fund warned annual inflation could reach 100,000% by the end of the year.
The Consumer Council of Zimbabwe has said the real year-on-year inflation is far higher than the official rate -- claiming it was nearer 13,000% in June.
Well done, Tyrant Mugabe. Quite the little paradise you've got over there.
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