Topic > Essay on Inflation in Zimbabwe - 729

inflation is an increase in the average level of prices. There are many causes of inflation and it affects the lives of people in a country. Over the past decade, Zimbabwe has faced the toughest challenges since 2000, the economy has not performed well and this has led to hyperinflation. There are factors that led to the inflation rate to increase very rapidly in Zimbabwe at that time and some of them were low production capacity, drought, government imposed sanctions by developed states and inadequate economic policies. In 2000, inflation was in the double digits, but in June 2008 it was over 11,000,000%. Zimbabwe's economy was based on agriculture, mining, manufacturing and mining. 2000, government launched