Think inflation is through the roof in the United States? Let’s be thankful we’re not in Zimbabwe, where the world’s leading annual inflation rate rose to 7,635% in July. Two months earlier, the inflation rate was “only” 4,530%
Its astronomical inflation numbers are due to a combination of food, gas and foreign currency shortages, plus the government’s aggressive printing of money to pay debts. The country has struggled since its independence from Britain in 1980.