Sokwanele - Zvakwana - Enough is Enough

Zimbabweâ€™s annual inflation rate was 2.79 Quintillion percent (as of 31 Oct 2008) – HHIZ

November 4th, 2008

Hanke Hyperinflation Index for Zimbabwe (HHIZ)
Date	Index	Monthly Inflation Rate	Annual Inflation Rate
3-10-08	4,190,000,000,000.00	18,000.00%	1,910,000,000,000%
10-10-08	16,100,000,000,000.00	21,700.00%	5,770,000,000,000%
17-10-08	1,050,000,000,000,000.00	479,000.00%	293,000,000,000,000%
24-10-08	108,000,000,000,000,000.00	13,500,000.00%	22,900,000,000,000,000%
31-10-08	17,900,000,000,000,000,000.00	493,000,000.00%	2,790,000,000,000,000,000%
Sources: Imara Asset Management Zimbabwe and Prof Steve Hanke’s calculations.
Notes: 1. Numbers are reported with three significant figures. 2. The HHIZ is reported on the last trading day of the week. 3. The monthly inflation rate is HHIZ(t)/HHIZ(t-4) – 1 and the annual inflation rate is HHIZ(t)/HHIZ(t-52) – 1. 4. The HHIZ values are numerical estimates. In consequence, they are subject to revision when new price data are incorporated into the estimates.

Via the Cato Institute

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