This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
The continental landmass, the bugs, inflation…
Supermarket till slips show the price of chicken rose more than 236,000 percent to 15 million Zimbabwe dollars ($3) per 2.2 pounds between January 2007 and January 2008. Scarce eggs rose by 153,000 percent in the same period. One of the lowest increases of about 64,000 percent was on sugar, bringing independent estimates for overall food inflation to about 164,000 percent.
Of course, the inflation rate ex-food-and-energy is probably only 2% :P
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
February 1st, 2008 at 9:18 am
You know, this thread’s title had such comedic promise …
February 1st, 2008 at 11:57 am
lol
February 1st, 2008 at 9:42 pm
Since inflation is so low, will their Central Banks reduce interest rates now? What do your economic analysis tell you?
February 2nd, 2008 at 12:05 am
Yeah, clearly you left something out here…
-DT