When is inflation not inflation, and just a silly number?
When you look at Zimbabwe’s numbers I think. Reading an article this week it stated that “Zimbabwe’s annual inflation rate soared to 11.2 million percent in June” quoted the state media. HOW is that possible? Here we sit in Britain, and we are complaining about 4.6%, and everyone losing their jobs and the state of the economy, and teh credit crunch. What do those poor Zimbabweans do?
Not only that, but they state that it gained 9 035 045.5 percentage points from the May rate of 2 233 713.4 percent. How does someone actually measure that.
Here is a map of world inflation rates. Note, Zimbabwe is in the +10 range because I don’t think they knew how to depict +11,000,000!
So, when does one intervene in situations like this, isn’t this the reason for the G8 countries (and I think they named the G8 because they wanted to call themselves GR8 really, but knew how naff that would sound…)?
So, if I equate that to Bingo tickets, then today’s 1p would cost £ 22 337.13 in May….and in June would cost
£ 11 268 758.00 per ticket. That’s if my maths is right – Ouch! I wonder what the bingo bonus payouts would have to be to make that work. The Jackpots would be worth playing perhaps?
Wow, imagine how much you’d have to win to be able to pay for a bingo ticket in June given these numbers!
I’ll stick to my own UK bingo room ,and the free games and linked games thanks very much, and when inflation hits 6% I’ll remember not to moan so much as others have it FAR worse than we do!