Jun 06
So today’s Inflation figure annonced .. as expected, it is going higher .. 8.24%. This is time to think each and every individual, where the graph going on and what may be the real impacts… if we generate a graph from last 1 year inflation data, you will soon realize that in next one year we will be in super-inflation situation and in next 2-3 years, we may be caught by hyper-inflation.
There are many countries in world who was affected by hyper-inflation time to time. Here are few extreme cases from wiki :
- Germany in 1923 when the rate of inflation hit 3.25 × 106 percent per month (prices double every two days).
- Greece during its occupation by Nazi Germany in 1941-1944, when the rate of inflation hit 8.55 × 109 percent per month (prices double every 28 hours).
- Yugoslavia’s rate of inflation hit 5 × 1015 percent inflation between 1 October 1993 and 24 January 1994 (prices double every 16 hours).
- The most severe known incident of inflation was in Hungary after the end of World War II, peaking at 4.19 × 1016 percent per month (prices double every 15 hours).
<editing continues ..>
