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*Zim's Annual Inflation Is Actually 69.9 Percent, Not 4.8 Percent: Prof Steve Hanke* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ph Acclaimed economist and currency expert, Steve Hanke, who is a professor of Applied Economics and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at the Johns Hopkins University in Baltimore in the United States has said that Zimbabwe’s annual inflation is actually 69.9 percent and not the official 4.83 percent. Speaking to The Standard, Hanke said, > At present, Zimbabwe’s annual inflation rate, by my measure, is 69,9%. I measure the inflation rate daily by using high-frequency data. At elevated inflation rates, the method I use, which is based on purchasing power parity (PPP), is very accurate. > It measures the rate of overall inflation for all goods, services, and assets in Zimbabwe. In short, my ‘basket’ includes everything. The PPP methodology, with the application that I use, is recognised in scholarly literature as the most accurate way to measure inflation in ‘high’ inflation countries. *Also Read:* *Zim Should Say No To Foreign Aid, Stop Printing Money, Follow Dollarisation Rules To Succeed: Prof Steve Hanke* *Renowned international economist slams “incompetent” Confederation of Zimbabwe Industries* *Zimbabwe’s inflation is the second highest in the world: Prof Steve Hanke* More: The Standard ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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