Causes of Inflation in Zimbabwe
A report from the World Food Programme indicates that as of 2019 an estimated 23 million people suffered from poverty as a result of the countrys worst hunger. The Federal Reserves attempts to fight stagflation only worsened it. Zimbabwe Inflation Data Chart Theglobaleconomy Com If we look at inflation and interest rates in the post-war period we can see interest rates rose to 15 in 1990 to deal with inflation of 10. . The government printed money to pay for the war in the Congo. When we think of inflation we usually think of how it affects us as consumers. That sent inflation up to 133 by 1979. With inflation quadrupling since February many Zimbabweans are struggling to cope. The inflation rate was 98 a day and prices doubled every 24 hours. Zimbabwe has a long history of droughts which have cumulatively caused an increase in poverty. Here are some ways in which inflation affects businesses. My results ar...