Tuesday, November 27, 2007

Your Economy on Communism: Zimbabwe Inflation 'Incalculable'

This is what happens when a Communist government controls, well, everything.

Behold the joys.

Are you leftists listening?

Of course you're not. You don't give a rat's ass about anyone but yourselves.

Zimbabwe inflation 'incalculable'
Zimbabwe's chief statistician has said it is impossible to work out the country's latest inflation rate because of the lack of goods in shops.

"There are too many data gaps," the Central Statistical Office's Moffat Nyoni told state media.

Many staple goods are often absent from shop shelves after the government ordered prices to be halved or frozen in a bid to stem galloping inflation.

September's inflation rate was put at almost 8,000%, the world's highest.

Other reports suggest the rate could be at near 15,000% and the International Monetary Fund had warned it could reach 100,000% by the end of the year.

Mr Nyoni said the Central Statistical Office has delayed the release of the inflation figure until an accurate way of calculating it can be found.

"We went to too many shops to observe and so compilations have not been completed," he said.

Maize meal, bread, meat, cooking oil, sugar and other basic goods used to measure inflation largely disappeared from shops after Robert Mugabe's government ordered prices to be slashed.

Manufacturers have said they cannot afford to sell goods at below the cost of producing them.
Don't worry though. The left will spring into action once there's a complete and catastrophic humanitarian crisis. Then they'll urge us to do something!

Previously on Zimbabwe.

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