Saturday, June 28, 2008

Bread and Butter? That will be 27 billion dollars, please

Each time I blog about Zimbabwe, I wonder how much it will get -- both the political crisis and the economic crisis. Check out the latest inflation numbers and prices in this article, Zimbabwe has shortage of food, abundance of zeros.

The price of a loaf of bread is $2 billion Zimbabwe dollars (or $15 billion on the black market) and 17.5 ounces of butter is $25 billion. A car battery, by the way, will run you 2.4 trillion dollars (which is about $240 US dollars). Other similar prices are listed in the article -- but amazing as these all sound, they all assume you can even find these goods available at all.

And yet... Brian Raftopolous, a South African-based economic researcher, notes "As bad as things are, it can get worse." I wonder what the next set of inflation and price numbers will look like?

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