Zimbabwe’s state Herald newspaper quotes official statistics saying annual inflation in Zimbabwe has hit 231 million percent.
Independent economists say the southern African nation’s hyperinflation is running in the billions of percentage points.
These inflation statistics are from July 2008 — months before this historic and pathetic power sharing deal.
Steve H. Hanke, Professor of Applied Economics at The Johns Hopkins University and Senior Fellow at The Cato Institute, publishes the Hanke Hyperinflation Index for Zimbabwe (HHIZ). Last updated on October 3rd, the HHIZ put Zimbabwe’s hyper-inflation at 2 trillion percent.
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