Hyperinflation

  • Business Briefs

    Inflation goes up

    ZIMBABWE’S annual inflation rose again this month, this time to 54.5% up from 51.5% in September. Inflation had been on the decline until August when it stood at 50.2% having peaked at 837.5% in July last year. Month-on-month inflation rose from 4.73% in September to 6.4% this month, the highest since August last year when it was 8.4%. Month-on-month inflation…

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  • Business Briefs

    Lebanon overtakes Zimbabwe in world hyperinflation ranking

    LEBANON is seen to have surpassed Zimbabwe, landing as the second most hyperinflated in the world, right after Venezuela. This is based on Professor Steve Hanke’s Annual Inflation Rate model. Lebanon’s inflation rate reached a high 365%, which is 3 times its percentage rate of August where it was at 120%. Professor Hanke calculates inflations based on the measurements of…

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