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Yikes! That's some inflation!

Zimbabwe continues to go backwards on all levels - not the least economically, politically and in human rights. The world sits idle by probably because, one, it's Africa, and secondly, Zimbabwe has no oil or anything like minerals of value to the West.

The BBC reports on the latest, staggering, inflation numbers in Zimbabwe:

"Zimbabwe's annual rate of inflation jumped to 7,638% in July according to the first official figures to be published for three months.

The Central Statistical Office said inflation had more than doubled since May - the last official data released.

Since then the government has ordered shopkeepers to slash their prices and arrested anyone who has failed to obey.

Last month, the International Monetary Fund warned annual inflation could reach 100,000% by the end of the year.

The Consumer Council of Zimbabwe has said the real year-on-year inflation is far higher than the official rate - claiming it was nearer 13,000% in June."

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