Friday, 3 October 2008

Inflation record?

Absent current official money supply and inflation data, it is difficult to quantify the depth and breadth of the still-growing economic crisis in Zimbabwe. To overcome this problem, Steve H. Hanke, Professor of Applied Economics at The Johns Hopkins University and Senior Fellow at the Cato Institute, has developed the Hanke Hyperinflation Index for Zimbabwe (HHIZ). This new metric is derived from market-based price data and is available here for the January 2007 to present period. The HHIZ will be updated weekly.

As of 26 September 2008, Zimbabwe's annual inflation rate was 531 billion percent.

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