Deflation in Zimbabwe

As everybody knows, Zimbabwe dumped its currency in January in favor of the U.S. dollar and other currencies and, guess what, things are looking up.
Inflation was down 1.1% last month, this compares with up 200 to 500 million percent last year.

Zimbabwe monthly inflation at -1.1 pct in April

Posted by jck on May 29th, 2009 at 8:37 pm    0 Comment

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