Zimbabwe inflation hits 355,000%, so is there a crisis now??!!!

The Zimbabwe Independent and ZWnews has reported (15May2008) that inflation has now hit 355,000% - no wonder Zimbabweans are pouring out of the country and into Soweto, Jhb city centre, Cape Town, South Africa!

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.

The Zimbabwe Independent, 15 May: see here for the full story: Inflation hits 355 000%

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....

	Now	Tomorrow	Next week	Next month	Next quarter	Next year
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