Skip to main content
Haunting

Zimbabwe to Set World Inflation Record

Expected to surpass postwar Hungary’s rate in coming weeks.

Zimbabwe’s inflation rate currently sits at 516 quintillion percent—that’s 516 followed by 18 zeros. Remarkably, that’s not the all-time record, which belongs to Hungary, whose monthly inflation rate after World War II was 12,950,000,000,000,000. Zimbabwe’s prices double every 1.3 days, whereas Hungary’s doubled every 15.6 hours. Weimar Germany’s prices in 1923 doubled only ever 3.7 days. Zimbabwe, according to the Telegraph, “could reach an all-time world record within weeks,” which would be pretty cool if it were for something like swimming, and not hyperinflation.

Read it at The Telegraph

TRENDING NOW