According to Mr. Hanke, ``Zimbabwe failed to break Hungary’s 1946 world record for hyperinflation. That said, Zimbabwe did race past Yugoslavia in October 2008. In consequence, Zimbabwe can now lay claim to second place in the world hyperinflation record books."
| Highest Monthly Inflation Rates in History | ||||
| Country | Month with highest inflation rate | Highest monthly inflation rate | Equivalent daily inflation rate | Time required for prices to double |
| Hungary | July 1946 | 1.30 x 1016% | 195% | 15.6 hours |
| Zimbabwe | Mid-November 2008 (latest measurable) | 79,600,000,000% | 98.0% | 24.7 hours |
| Yugoslavia | January 1994 | 313,000,000% | 64.6% | 1.4 days |
| Germany | October 1923 | 29,500% | 20.9% | 3.7 days |
| Greece | November 1944 | 11,300% | 17.1% | 4.5 days |
| China | May 1949 | 4,210% | 13.4% | 5.6 days |
More from Mr. Hanke, ``Zimbabwe is the first country in the 21st century to hyperinflate. In February 2007, Zimbabwe’s inflation rate topped 50% per month, the minimum rate required to qualify as a hyperinflation (50% per month is equal to a 12,875% per year). Since then, inflation has soared."
Well as of November 14th, this was how Zimbabwe's inflation rate fared
Monthly inflation rate=79,600,000,000.00%
Annual Inflation Rate=89,700,000,000,000,000,000,000%
The magic of the printing press.
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