Zimbabwe’s Hyperinflation: #2 in world history

August 18, 2009

Steve Hanke and Alex Kwok just published a paper calculating last year’s hyperinflation in Zimbabwe, when “conventional inflation measures were not available.” Their conclusion is that in mid-November, prices were doubling every day. That means Zimbabwe’s hyperinflation ranks second worst in world history.

(Click to enlarge in new window)

hyperinflations

Previously I linked to a video describing the dire monetary situation in Zimbabwe.  It puts the data above in perspective…

2 comments

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

Saw in Zim situation today the inflation table – 2nd highest inflation was end 2008 in Zim – only Hungary greater (see table in book folder saved) – you left out Argentina in the table table so I looked it up – Argentina’s inflation in July 1994 was at Argentina’s highest at 196%. That makes Zim come third instead of second!!!!!

[...] hat letztes Jahr die zweithöchste Inflationsrate aller Zeiten “erzielt”. Das schreibt Rolfe Winkler in seinem Blog bei Reuters. Errechnet haben das Ganze Steve Hanke und Alex Kwok, die die Ergebnisse in DIESEM [...]

Inflation numbers

Posted by chris | Report as abusive

[...] al dólar norteamericano. La inflación a partir de 2007 se dispara, según lo publicado en el Blog de Rolfe Winkler en [...]