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Africa Subsaharan |
Zim inflation 'incalculable' |
2007-11-28 |
![]() Many staple goods are often absent from shop shelves after the government ordered prices to be halved or frozen in a bid to stem galloping inflation. September's inflation rate was put at almost 8,000%, the world's highest. Other reports suggest the rate could be at near 15,000% and the International Monetary Fund had warned it could reach 100,000% by the end of the year. |
Posted by:Fred |
#6 > Zimbabwe's chief statistician has said it is impossible to work out the country's latest inflation rate because of the lack of goods in shops. See price controls can "defeat" inflation! No goods, mean no price rises. It also defats famine in the same way. No food= no people = no starvation. |
Posted by: Bright Pebbles 2007-11-28 14:08 |
#5 "Bob! I need a calculator that has more digits" "No!" "Bah! This inflation is incalculable!" |
Posted by: flash91 2007-11-28 12:48 |
#4 The price of toilet paper remains stable. |
Posted by: wxjames 2007-11-28 12:39 |
#3 Circling the Drain of History |
Posted by: mojo 2007-11-28 12:12 |
#2 Socialism. Let's give it another spin! |
Posted by: Excalibur 2007-11-28 09:01 |
#1 Compare to DRUDEREPORT > THANK YOU, ABU DHABI. Citibank Group's internationl a*** is saved. |
Posted by: JosephMendiola 2007-11-28 03:25 |