Tag Archives: economics

Not worth the paper it’s printed on?

So you thought inflation was bad here in the UK

File:Zimbabwe $100 trillion 2009 Obverse.jpg

According to Central Statistical Office statistics, annual inflation rate rose to 231 million percent in July 2008. The month-on-month rate rose to 2,600.2%.[51] By December 2008, annual inflation was estimated at 650 million googol percent (6.5 × 10108 percent),[52] equivalent to a daily inflation rate of 96%.