Friday, April 18, 2008

Unit 3: Hyperinflation in Zimbabwe

The latest figures show Zimbabwe's inflation rate up to 165000%!!!! What does this actually mean? Well, prices double in a little under 3 weeks!

This tutor2u blog entry puts this figure in context
http://www.tutor2u.net/blog/index.php/economics/comments/zimbabwe-descends-into-hyperinflation/#extended

and the bBC also covers the story
http://news.bbc.co.uk/1/hi/business/7351086.stm

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