All we are scared of inflation going on in India .. reached more then 11% but think what can happen when inflation touches more then 2.2 Million percent (22 lakh %) ………..
A recent hyper inflation generated in Zimbabwe ! … Yesterday’s official figures was 2.2 Million percent price high ..! A packet of bread now costs what 20 new cars did a year ago. Today billionaires are fighiting to buy a few packets of breads ! At present, a single loaf of bread costs nearly 100 billion Zimbabwe dollars.
It said laundry soap on the black market went up by 70 million percent, cooking oil by 60 million percent and sugar by 36 million percent — far higher than the official inflation rate of 2.2 million percent calculated by the Central Statistical Office on basic goods subject to price regulation and price increases approved by state National Prices and Incomes Commission. It acknowledged that private consultants calculated overall real inflation closer to 12.5 million percent.
It said a 4-pound bag of sugar cost about 20 billion Zimbabwe dollars — $1 — at the government’s fixed price, and 90 billion on the black market $4.50 at the bank exchange rate, or $1 at the black market exchange — in a country where unskilled workers earn up to 200 billion Zimbabwean dollars, about $10, a month.
However, few have jobs: unemployment has reached 80 percent.
I cant even imagin whats on road situation and how peoples feeding there childern. It all happened in Robert Mugabe’s rule… the worst managment of resources. World should learn that choosing a leader and voting a good candidate is how much important.
