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davyk
Joined: Jul 4, 2007
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Country: Zimbabwe
Province/State: Harare
City: Harare
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Zimbabwe's inflation shoots to 231 million percent.
October 9, 2008 - 10:02 AM
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ZIMBABWE'S annual inflation rate soared to 231 million percent in July, a state newspaper said Thursday, confirming the daily hardships of a nation driven into poverty and trapped in a political impasse.
Staggering increases in the price of bread and cereals were the main reason for the jump from the June rate of 11.2 million percent, the Central Statistical Office said.
Shortages of wheat are driving up bread prices, the paper said, compounding the struggle to avoid hunger in a country where the United Nations estimates more than five million people -- nearly half the population -- will need food aid.
http://www.newzimbabwe.com/pages/inflation197.18861.html
man we are in some trouble but life is going on as if nothing is happening.
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Hafiidhaturrahmah
Joined: Mar 17, 2007
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Re: Zimbabwe's inflation shoots to 231 million percent.
October 10, 2008 - 06:47 AM
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wow...i think...not only ur country
this is like global inflation in all countries
including mine
i think this is because crak in america also
i hope it will better soon
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davyk
Joined: Jul 4, 2007
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Re: Zimbabwe's inflation shoots to 231 million percent.
October 10, 2008 - 10:04 AM
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Here inflation has been termed the nation's number one enemy......
the question is how can we tame this beast?
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ASHISH SHARMA
Joined: Jul 3, 2004
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Re: Zimbabwe's inflation shoots to 231 million percent.
October 10, 2008 - 12:09 PM
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I can solve the problem of inflation, provided I am given a chance to prove it. Please see http://www.wfs.org/sharma08.htm ,
http://www.electroniccurrencytime.com;http://www.uea.ac.uk/env/ijccr/abstracts/vol9(2)sharma.html; http://profiles.takingitglobal.org/ASHISHMANISHA
If given a chance I can make any country rich and self sufficient.
This post was edited on: 2008-10-10 at 12:10 PM by: ASHISHMANISHA
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Gade
Joined: Jan 15, 2003
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Re: Zimbabwe's inflation shoots to 231 million percent.
October 11, 2008 - 06:28 AM
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Zim's inflation is directly related to Mugabe's policies. The only thing to rescue the situation is fot the unfortunate power sharing deal to be implemented. If that does not happen we are goin to see inflation hitting a billion percent before end of this year
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davyk
Joined: Jul 4, 2007
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Re: Zimbabwe's inflation shoots to 231 million percent.
October 14, 2008 - 10:42 AM
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ASHISHMANISHA wrote:
I can solve the problem of inflation, provided I am given a chance to prove it. Please see http://www.wfs.org/sharma08.htm ,
http://www.electroniccurrencytime.com;http://www.uea.ac.uk/env/ijccr/abstracts/vol9(2)sharma.html; http://profiles.takingitglobal.org/ASHISHMANISHA
If given a chance I can make any country rich and self sufficient.
This post was edited on: 2008-10-10 at 12:10 PM by: ASHISHMANISHA
with that kind of confidence i wish you were our Reserve Bank Governor
will certainly take a look at your work
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