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Inflation Rate Reaches 7,635% In Zimababwe

From Staff Reports

Think inflation is through the roof in the United States? Let’s be thankful we’re not in Zimbabwe, where the world’s leading annual inflation rate rose to 7,635% in July. Two months earlier, the inflation rate was “only” 4,530%

Its astronomical inflation numbers are due to a combination of food, gas and foreign currency shortages, plus the government’s aggressive printing of money to pay debts. The country has struggled since its independence from Britain in 1980.

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Read more on Inflation at Wikinvest
August 23rd, 2007

Why Gold Will Surpass $2,500

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