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Inflation hits 11,200,000%

>> Sep 8, 2008

Zimbabwe inflation rate is highest in the world.

11,200,000%(11core 200 lakh percentage)

India inflation rate :12.63%

In February, the price of a loaf of bread in the country was less than 200,000 Zimbabwe dollars. On Monday, that same loaf of bread cost 1.6 trillion Zimbabwe dollars.

Inflation rate is 2.2 million percent recorded in May, despite the government's price controls it reaches 12 million percent in September.

Analysts have said the Zimbabwean government's official inflation rate figures are conservative. Last week, one of Zimbabwe's leading banks, Kingdom Bank, said the country's inflation rate was now more than 20 million percent.

The economic crisis has destroyed Zimbabwe's currency and made it difficult for Zimbabweans to buy basic commodities, electricity, fuel, and medicines. Many Zimbabweans have left the country amid rising unemployment and deepening poverty.


wish zeros have value!

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