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cab

Now thats inflation...

From here:

http://news.bbc.co.uk/1/hi/world/africa/7714892.stm

Quote:
But Zimbabwe gives all the indicators of being at war - it has the world's highest rate of inflation, which officially stands at 231,000,000%.


Big numbers like that, when they convert into something real like inflation, they often leave me sort of grasping for some kind of context.

Frightening. Two hyndred and thirty one million percent inflation. What a mess.
marigold

Puts our problems in perspective doesn't it?
jema

In perspective as these are silly numbers, that is inflation running at 5.4% a day. Which might surprise people at how "low" that is Laughing
thos

jema wrote:
In perspective as these are silly numbers, that is inflation running at 5.4% a day. Which might surprise people at how "low" that is Laughing


I make it a trifling 4.1% per day.

Over two years this is an even more staggering 534 billion percent (5.3E12), using 'billion correctly to mean million million.
jema

I stand corrected Embarassed
cab

I've had to work out some compound interest stuff lately, and I'll confess it breaks my head. How did you chaps come to that figure?
thos

cab wrote:
I've had to work out some compound interest stuff lately, and I'll confess it breaks my head. How did you chaps come to that figure?

(1+r)^t
where r=daily rate
t=number of years

Also used for discounted cash flow calculations.
jema

(((231,000,000/100)+1) ^ (1/365) -1 )*100.
cab

Gotcha... Ta chaps. Fits in nicely now its explained to me.

For some reason I always struggle with this Confused
dpack

location does matter
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