Crazy Inflation

If you think inflation is high in Canada, I pulled this from the paper last week.

Zimbabwe's ravaged currency is to be revalued, slashing 10 zeros off all prices and values. Hyperinflation has destroyed savings and reduced the economy to subsistence levels, with bricks of banknotes needed for even basic transactions. The Zimbabwean dollar was worth more than the American greenback at Independence 1980, but Robert Mugabe's misrule has seen it plunge to a point where one U.S. dollar is worth around 100 billion Zimbabwean dollars, and accelerating up. Officially, inflation is running at 2.2million percent a year, but independent economists estimate it is far higher. Last week, a packet of local biscuits cost $489 billion. A teacher at a private primary school earned $485 billion a month. Bread was costing $200 billion a loaf, a can of Coke $600 billion, a plate of rice and chicken $800 billion, a beer $1.8 trillion and a local ride in a shared minibus $2 trillion.

If I had to pay $1.8 trillion for a beer, I'd have to move.