100,000% inflation rate in Zimbabwe

Zimbabwe holds the record for the worlds worst inflation rate, 100,000%. (NYT) At that rate a bag of rice that cost $2 a year ago would cost just over $2000 this year. With instability of that magnitude making any type of meaningful economy impossible it should come as no surprise that the unemployment rate is over 80%.

Zimbabweans voted today in an attempt to end the presidency of Robert Mugabe whose mismanagement of the country has left it in such a sorry state.

UPDATE:
Looks like Mugabe is making a deal, he will step down if granted amnesty.


03/29/2008

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