Inflation continues to soar

HARARE - According to the Hanke Hyperinflation Index for Zimbabwe (HHIZ) developed by Cato Senior Fellow, Steve Hanke, Zimbabwe's annual inflation rate, as of November 14 was 89.7 sextillion (1021) percent. 

On November 6 the annual rate of inflation was previously pegged at 215 quintillion per cent, but recent data shows that it was actually 593 quintillion per cent, more than double the previously quoted figure.
Hanke Hyperinflation Index for Zimbabwe (HHIZ)

Hanke =
Hyperinflation
Index for Zimbabwe
(HHIZ)

 

 

Date

Index

Monthly Inflation Rate

Annual Inflation Rate

 
 

5-Jan-07

1.00

13.70

%

 

 

 

2-Feb-07

1.78

77.60

%

 

 

 

2-Mar-07

3.14

76.70

%

 

 

 

5-Apr-07

6.90

56.20

%

 

 

 

4-May-07

6.75

-2.15

%

 

 

 

1-Jun-07

20.70

207.00

%

 

 

 

6-Jul-07

53.00

60.40

%

 

 

 

3-Aug-07

49.10

-7.29

%

 

 

 

7-Sep-07

82.50

70.60

%

 

 

 

5-Oct-07

219.00

165.00

%

 

 

 

2-Nov-07

642.00

193.00

%

 

 

 

28-Dec-07

2,010.00

61.50

%

215,000

%

 

25-Jan-08

2,250.00

11.80

%

 

 

 

29-Feb-08

8,260.00

259.00

%

 

 

 

28-Mar-08

17,700.00

115.00

%

 

 

 

25-Apr-08

57,100.00

222.00

%

 

 

 

30-May-08

442,000.00

498.00

%

 

 

 

26-Jun-08

23,600,000.00

5,250.00

%

41,400,000

%

 

4-Jul-08

49,200,000.00

3,740.00

%

93,000,000

%

 

11-Jul-08

81,800,000.00

2,080.00

%

167,000,000

%

 

18-Jul-08

122,000,000.00

1,030.00

%

250,000,000

%

 

25-Jul-08

157,000,000.00

566.00

%

317,000,000

%

 

29-Aug-08

6,330,000,000.00

3,190.00

%

9,690,000,000

%

 

26-Sep-08

794,000,000,000.00

12,400.00

%

471,000,000,000

%

 

3-Oct-08

3,570,000,000,000.00

15,400.00

%

1,630,000,000,000

%

 

10-Oct-08

32,300,000,000,000.00

45,900.00

%

11,600,000,000,000

%

 

17-Oct-08

1,070,000,000,000,000.00

493,000.00

%

300,000,000,000,000

%

 

24-Oct-08

124,000,000,000,000,000.00

15,600,000.00

%

26,100,000,000,000,000

%

 

31-Oct-08

24,600,000,000,000,000,000.00


=

690,000,000.00

%

3,840,000,000,000,000,000

%

 

7-Nov-08

4,890,000,000,000,000,000,000.00<=
/p>

15,200,000,000.00

%

593,000,000,000,000,000,000

%

 

14-Nov-08

853,000,000,000,000,000,000,000.00

79,600,000,000.00

%

89,700,000,000,000,000,000,000

%

 



Steve H. Hanke is a Professor of Applied Economics at The Johns Hopkins University in Baltimore and a Senior Fellow at The Cato Institute in Washington, D.C.

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Post published in: Mining

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