Hyperinflation – Finansleksikonet Sverige

By:

James Knight

James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the… read more.

Updated: Aug 20, 2021

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När prisökningarna ligger över 100 % per år.

Zimbabwe: March 2007 – November 2008 flickr / Peat Bakke

Daily inflation rate: 98 percent

Prices doubled every: 25 hours

Story: Zimbabwe’s hyperinflation was preceded by a long, grinding decline in economic output that followed Robert Mugabe’s land reforms of 2000-2001, through which land was expropriated largely from white farmers and redistributed to the majority black populace. This led to a 50 percent collapse in output over the next nine years.

Socialist reforms and a costly involvement in Congo’s civil war led to outsized government budget deficits. At the same time, the Zimbabwean population was declining as people fled the country. These two opposing factors of increased government spending and a decreasing tax base caused the government to resort to monetization of its fiscal deficit.

Referens: Finansportalen Business insider