165,000% Inflation April 16th, 2008

!65,000% is the staggering annual inflation rate experienced in Zimbabwe.  This is up from around 100,000 as of January 2008. Cash is becoming worthless with prices increasing in the time it takes to get to the shops. That is providing they can afford to purchase anything, or indeed there is anything to purchase.

Food and fuel are both in short supply and have been for some time, following years of economic and political turmoil. This has lead to over 80% of the country’s population living in poverty. Not surprising then that Zimbabwean citizens are hot footing it over the border to South Africa in search of a new life.