[Pic] Zimbabwean Economist Predicts 400,000% inflation in 2008

Here is an image of a spreadsheet produced by Robertson, who has done excellent work in Zimbabwe. He is speculating about the introduction of balance of payments support. I am not sure if that will happen.

But if you will look at his calculations he is expecting inflation to hit a staggering 400,000% by September 2008! This is quite achievable.

The state of that country is shocking. It will probably become a text book for some of the worst inflation in all of history.

Here is the spreedsheet he prepared.



Posted By: Jan
AfricanCrisis Webmaster
Author of: Government by Deception

Date Posted: Tuesday 29-Apr-2008
Using linear versus log give a much distorted picture of a 165,000% inflation rate.

At 165,000%, the daily price increase is 2.0513%, the formula being: (1*165490/100)^(1/365)

Therefore a loaf of bread costing R7.00 today would increase as follows:
Tomorrow: 7.14
Next week: 8.07
Next month: 12.98
Next quarter: 284.76
Next year: 11,584.30

Lars Pluss
San Francisco CA
USA

Date Posted: Monday 28-Apr-2008
I have often asked my parents-in-laws how they cope with the ever rising prices in Zimbabwe - so I decided to create a calculator for myself - it calculates the cost of something and increases it according to the inflation rate of 165,000% and forecasts the cost in the future: Zim Inflation calculator @ 165,000%

After reading this article, I realise that not only do the prices go up, but so too does the inflation rate!

Handy Tipper
South Africa