inflation

A million dollars for a stale bread roll

Prices double from one hour to the next in Zimbabwe. One of our Observers told us that if you haven't paid cash in hand within half an hour of negotiating a price for something, then you better forget about buying it. Read more...

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"Happy but subdued" about Mugabe-Tsvangirai deal

After six months of political and economic turmoil, and mass violence, Zimbabwean President Robert Mugabe and opposition leader Morgan Tsvangirai agreed Thursday to share power. Our Zimbabwean Observers give their reactions...

The cost of living in China

Chinese market.jpg

Grumbling about inflation is nothing new. But now it's time for the Chinese to make a song and dance about it. Despite the Beijing government insisting that rising inflation levels are ‘structural' and a sign of a healthy economy, ordinary people are finding it hard to see through the same looking-glass. Making their voices heard online, they're using the internet to vent their fumes. Sometimes light-heartedly, like in the video ‘The riddle of spending power' (which we've subtitled in English), but also more seriously. Read more...

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