Thursday, March 17, 2011

Zimbabwe Annual Inflation now less than the UK's

Bloomberg:

Zimbabwe’s annual inflation slowed to 3.2 percent in December from 4.2 percent a month earlier, the country’s Harare-based statistics agency said in a statement handed to reporters today.

Prices fell 0.4 percent on the month, the Central Statistical Office said.

~ this is in stark comparison to the UK's inflation rate of 5.1% and rising........will the UK ever arrive at point that Zimbabwe reached were the its currency is no longer accepted and gold is the only medium of exchange?

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