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Let’s talk inflation

THE rate of inflation growth is rising. This month it came in at 526%, which was a faster growth rate than the last few months. The rate of inflation is increasing at about 11% a month.



Helvetica, sans-serif”>It will take almost double on December 1 to buy the same stuff you could buy on November 1 for less than $1 million. In January 2004 you will need $2 million, in April $4 million, and September almost $10 million. At this average rate of growth inflation will top 1 000% at the beginning of April 2004 and by this time next year it will have topped 2 000%. By this time next year a $2 800 loaf of bread will cost about $30 000 – that’s 30 $1 000 bills.

One kg of mince that costs about $28 000 now will cost about $300 000 the same time next year.


Before you think that’s impossible remember the Weimar Republic, Yugoslavia and Brazil.


Thank goodness our vastly capable government has things well under control!


Worthless

Harare.

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