[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

“Political language is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind.”
(George Orwell)

My all time favourite movie quote is from the Dwarf in Lord of the Rings: "Certainty of death, small chance of success... what are we waiting for?"

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