Tuesday, November 27, 2007

Zimbabwe solves its inflation problem

You just can't keep a good dictator down. From Times Online:
[...] Zimbabwe can no longer calculate the rate of inflation because there are not enough goods left in the shops to allow price comparisons, the Central Statistical Office claimed yesterday.

Moffat Nyoni, the Director of the CSO, said that it had been impossible to compile reliable data for the past month because of “the unavailability of required information such as prices of goods, due to their shortage on the formal market”.

According to leaked figures, the annual inflation rate in October stood at 14,840 per cent — almost double the 8,000 per cent in the previous month. The CSO usually publishes its statistics in the middle of the month, and its failure to do so this month led to allegations that they had been deliberately suppressed. Each passing month’s figures openly contradict the Government’s constantly trumpeted claim that it is beating inflation.

But Moffat Nyoni, the director of the CSO, said inflation in Zimbabwe could no longer be measured, because there were not enough goods in the shops. [...]
I guess there's no excuse now not to vote for Chavez.

(Hat Tip: Lucianne.com)

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