Companies / Zimbabwe
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Hyper-Inflation Beyond Government's Measure
November 2007 | Industry NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Zimbabwe's economic situation appears to be reaching a new low, as even the country's chief statistician has said that he can no longer calculate the country's level of hyper-inflation because there are not enough consumer goods left in shops to count. When the last official rate was given, in October 2007, it was recorded at almost 8,000%, by far the highest in the world. However, according to unofficial estimates, real inflation based on the government's basket of goods is around 15,000%, and if a broader range of goods are taken into account, this figure rises to an unbelievable 40,000%, with