That is a 5,300% increase in the space of 5 days.
Annualized, that is 3 x 10126%.
Yes, that’s scientific notation.
Here’s the rate written out: 2, 915, 710, 944, 820, 310, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000%.
Is this the highest inflation rate ever? ‡
Believe it or not, it is only the penultimate inflation rate.
It’s more digestible to convert this into a daily inflation rate, which would be 122%.
That rate is higher than that in Zimbabwe a few years ago, but it still falls short of Hungary in 1946.
N.B.
‡ Strictly speaking, while an inflation rate can apply to one good or many, most published inflation rates apply to a “market basket” of many goods.
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