I read an article today concerning the amazing inflation of Zimbawe. The official inflation right right now according to the government is 2.2 million percent a year, though some analysts believe the actual rate is closer to 12.5 million percent a year. For those of you who are not economically inclined, think of it like this. If a Diet Coke (God’s nectar) costs $1 on January 1st it will cost about $34,223 on January 2nd and by December 31st it will cost $12.5 million. Since, most analysts contribute this inflation to mismanagement by the Zimbabwean president, Robert Mugabee, it makes me feel for the population. How do you survive in the midst of this type of inflation.
Here’s the article on the situation.