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Wednesday, September 28, 2011

Highest Inflation rate recorded in history


Highest Inflation rate recorded in history

Last night, when I was searching and reading some article post about inflation rate. It came to my attention the inflation rate increase happened in Zimbabwe last 2008. As I continue reading, Zimbabwe is the one who holds the highest inflation rate increase in the history of mankind.

And how much that is? If here in the Philippines, we have an inflation rate of 9.3% last 2008 and an average inflation rate of 6% in the past 10 years, Zimbabwe’s highest recorded inflation rate was a whopping 231 million percent. Can you imagine that?

It’s like having to buying a piece of bread at a Php. 1.00 cost yesterday, and then suddenly having to buy the same bread at Php. 231million cost today. Unbelievable, isn’t it.

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