Zimbabwe Hyperinflates, Again: The 58th Episode of Hyperinflation in History

Steve Hanke () and Erik Bostrom
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Steve Hanke: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise
Erik Bostrom: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 90, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: In 2008, Zimbabwe suffered the second mostsevere episode of hyperinflation in recorded history (Hanke and Krus, 2013). As shown in the table below, Zimbabwe’s annual inflation rate peaked in November 2008, reaching 89.7 sextillion (10^21) percent (Hanke and Kwok, 2009). Prices were doubling every 24.7 hours. Well, Zimbabwe is experiencing hyperinflation again today. Zimbabwe’s annual inflation rate is currently at 313 percent. During Zimbabwe’s hyperinflation episode (2007‐2008), the Reserve Bank of Zimbabwe failed to report any meaningful economic data, including inflation rates. One of us (Hanke), assisted by a capable research team at The Johns Hopkins University, was the only source of accurate inflation rate measurements during that hyperinflation episode.

Pages: 25 pages
Date: 2017-10
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Citations: View citations in EconPapers (2)

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