From BBC: Zimbabwe's inflation tops 1,000%
""Zimbabwe's inflation rate has surged past the 1,000% mark signalling that the African country is struggling to keep its economy functioning normally. The annual rate of price growth was 1,042.9% in April, the Central Statistics Office (CSO) said, having risen 129 percentage points from March....Zimbabwe is a country that is blighted by crumbling urban infrastructure. There are regular water and power cuts, while the cost of everyday foods has surged. A loaf of bread now costs between Z$80,000 - Z$110,000 (79 US cents - $1.08) up from about Z$7,500 last year, when the price was controlled by the government. A carton of orange juice costs about Z$500,000 and a kilo of beef up to Z$1m.This is an excellent example of "The Menu Costs of Inflation" (the expense in having to change the posted prices on a regular basis for businesses) and/or the "Shoe Leather Costs of Inflation" (the increase in transaction costs--i.e.-having to go to bank to get more money to conduct business).
"Business quotations are not valid for more than two days," an office manager in Harare told the BBC News website. "Actually I have one in front of me which says it is valid for 24 hours. Prices can literally double overnight," she said...""
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