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No, Zimbabwe was way crazier than that, approaching 100% per day (see the table at https://en.wikipedia.org/wiki/Hyperinflation#Most_severe_hyperinflations_in_w
by cesarb 11y ago
No, Zimbabwe was way crazier than that, approaching 100% per day (see the table at https://en.wikipedia.org/wiki/Hyperinflation#Most_severe_hyperinflations_in_world_history https://en.wikipedia.org/wiki/Hyperinflation#Most_severe_hyp...).
I've lived through 30% a month inflation. See the table at http://hcinvestimentos.com/wp-content/uploads/2011/02/IPCA-Inflacao-Historica-Tabela.png http://hcinvestimentos.com/wp-content/uploads/2011/02/IPCA-I... (source: http://hcinvestimentos.com/2011/02/21/ipca-igpm-inflacao-historica/?hvid=NcSFP http://hcinvestimentos.com/2011/02/21/ipca-igpm-inflacao-his...). At this level, people can still cope, but it does generate some distortions. For instance, as soon as you received your monthly salary, you bought all the food you'd need for the whole month. If you can read Portuguese, I found an interesting article about it at http://www.bbc.com/portuguese/noticias/2014/06/140619_plano_real_vida_ru http://www.bbc.com/portuguese/noticias/2014/06/140619_plano_... .