That 23 trillion ZW$ meal was a bargain the other day!
So, comparing inflation rates (using my inflation calculator):
|165,000||% per annum|
|13,750||% per month|
|3,056||% per week|
|458||% per day|
|355,000||% per annum|
|29,583||% per month|
|6,574||% per week|
|986||% per day|
|1,700,000||% per annum|
|141,667||% per month|
|31,481||% per week|
|4,722||% per day|
and last month's R7 loaf of bread will now cost R2,078!!!.... but if inflation had remained @ 165,000% it would have been a bargain @ R97
And "some people" say that there's no crisis in Zimbabwe! - well that "no-crisis" is now "coming home to roost"!
From the article: "The central bank introduced the $500 million bearer cheques for the public and the $5 billion, $25 billion, $50 billion agro-cheques for farmers. The new notes come hardly two weeks after the introduction of the $250 million bearer cheques.
Update on Wed21May2008: Oh no.. .can you believe that this can actually get worse - now it's up to 1,000,000%.
See here for more details: Zim inflation estimated at 1 million %
Update on Thu29May2008: From The Zimbabwe Independent: Inflation Shocker: 1,700,000%
ANNUAL inflation for May galloped to 1,700,000% as the Zimbabwean dollar continued to crash causing prices of goods and services to skyrocket....
|Cost of item:||R 7.00||R 337.56||R 2,210.70||R 9,923.67||R 4,729.22||R 119,007.00|