What does this unprecedented level of inflation, or hyperinflation, mean?
Well, hyperinflation refers to a condition where prices of commodities rise to extreme levels quickly and the value of the nation's currency declines alarmingly. It is primarily a state of affairs where inflation runs amok and is totally out of control.
With the nation's inflation rate the highest in the world, the Zimbabwean government continues to print ever larger denomination notes to keep up.
Image: Zimbabwean man drives a pushcart with his sick relative from hospital where they could not find drugs. | Photograph: Desmond Kwande/AFP/Getty Images
Also read: How Lalu's magic helped the Railways
Advertisement
