On the 22nd of April I blogged about the Zimbabwe inflation rate reaching 164,900.3%. Back then, I considered that being quite an extreme inflation rate. But I have changed my mind. 164,900.3% sounds quite insignificant when the inflation rate is now at over 1,000,000% - and that within a month of my last post! This means that 100 million Zimbabwe dollars — 30 U.S. cents!
It is estimated that the by October, the rate will be at around 5,000,000% …
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