HARARE, Zimbabwe (BP)--Zimbabwe's hyperinflation is spiraling out of control. Independent economists suggest the economy could collapse by the end of the year, bringing the country to a standstill.
If you bought a loaf of bread for 50 cents last year, it now costs around $1,125. Or more likely, you'd end up spending $2,750 at the unofficial inflation rate found in most stores. Government and independent estimates are completely different.
"People can't survive like this," says a Christian aid worker. "Even people who have jobs have a hard time buying food. That is the situation in Zimbabwe now. The churches must respond to this crisis." Read More