Zimbabwe News - June inflation breaks 13,000%

[mainegreen]

June inflation 13 000%: CCZ
Paul Nyakazeya of The Zimbabwe Independent

THE Consumer Council of Zimbabwe (CCZ) says its recent calculations for the monthly expenditure for an urban family of six shows that inflation for the month of June was more than 13,000%. The Central Statistical Office (CSO), the official source of Consumer Price Index numbers, has not released its figures since February when it reported annual inflation at 1,729%.

Two months ago businessdigest revealed that Finance minister Samuel Mumbengegwi, had directed the CSO to stop releasing the figures. The March figures were kept under wraps until central bank governor Gideon Gono revealed them during his interim monetary policy review.

...

According to the figures, a packet of 2kg rice recorded the highest jump of 34 714% up on last year’s figure while fresh milk (500ml) went up by 32 643%. Transport cost was up 27 172% while bread weighed in with 20 226%.

Imagine that ten dollar pizza instead costs 1300 dollars (I think I did my math right here). Now imagine unemployment runs at 80% and your salary, if you are one of the lucky ones, isn't even rising at one tenth the rate of inflation.

Now imagine, that even if you had the money, as of August first importing food amounts over $200 US requires a government permit. Now imagine that even if you could get the permit, you could never leave the country because there is no fuel, only the state firm will be allowed to import fuel, and all fuel coupons issued by the government will no longer be honored. Now imagine that agricultural productivity has ended. Farms no longer produce food. Tractors no longer run.

Watch to see if the borders close. If they do, Zimbabwe is going to turn into a mass grave of tremendous proportions.

[sakabatou]

1. And we thought it was bad here...

O_O

[Deja Q]

2. Agreed. 'tis a good article.

[billyoc]

3. So, everyone will be dead in about 2 weeks.

:wtf:

[mainegreen]

4. Well, Mugabe will drag it out a bit longer.

As long as South Africa stands by him, his regime will stay propped up until it implodes from total economic collapse.

[phusion]

5. Let me guess...

Zimbabwe has been following a World Bank "economic reorganization" plan? :eyes:

[mainegreen]

6. Much worse. They're on the nationalize everything and then give it to the corrupt minister

and his mentally slow thugs plan.

[Subdivisions]

7. Energy, food and water depletion is beginning to

manifest itself in the poorer countries. The oil is going to richer nations and there's not enough for the poor folks.

This is the beginning of a world-wide crisis the likes of which humanity has ever seen. The only question is, will it be quick, or will we coast down the slope of resources exhaustion?

[Sen. Walter Sobchak]

8. This isn't a case of resource depletion

it is a case of deliberate resource destruction.

After it became clear to Robert Mugabe that the Supreme Court of Zimbabwe was going to kill his land reform program, Mugabe turned criminal gangs loyal to him loose and they have destroyed or looted everything in their path. This has resulted in the complete destruction of the agricultural infrastructure of Zimbabwe and the displacement of the entire agricultural profession, black and white as they have been driven out by the criminal gangs.

I am sure the DU Robert Mugabe Fan Club will be by shortly to claim I am a racist and give an alternate version of events that claims Bill Clinton and Tony Blair are responsible. But what happened in Zimbabwe is 100% the result of Robert Mugabe throwing a violent temper tantrum after his agressive new land reform program was thwarted by the courts.

The greatest irony of Robert Mugabe is that his largest enablers are wealthy white Rhodesians who saw the way the wind was blowing and went into business with him. So while most white farmers (the majority of whom were running small family farms) were run off the land, some of the wealthiest figures of the Ian Smith regime have been protected, this includes several war criminals.