With goods unavailable and official statistics widely distrusted, the Cato Institute in Washington calculated the figures based on exchange rate movements and market data. Zimbabwean prices are currently doubling every 1.3 days. The most famous hyperinflation, Weimar Germany in 1923, is in a distant fourth place, at 29,525 per cent a month with prices doubling every 3.7 days.
For ordinary Zimbabweans, the consequences are appalling and they must spend money as soon as they get it before it loses its value. A dysfunctional economy means that goods are in desperately short supply, and Zimbabweans must spend hours foraging to find things to buy.