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11.2 million % inflation! How is Zimbabwe surviving?

September 18, 2008

Inflation in Zimbabwe

In Zimbabwe, inflation was at 625 per cent in early 2004. In March 2007, it jumped to 1,700 per cent . By June 2007, inflation had shot up to 11,000 per cent. In July 2008, inflation skyrocketed to 2.2 million per cent.

And now in September 2008, inflation has reached uncharted area at 11.2 million per cent!

Image: Webber Mumba, 65, stands outside his home outside Bulawayo, Zimbabwe. Poverty and unemployment are widespread in Zimbabwe. | Photograph: John Moore/Getty Images

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