Thursday, March 26, 2009

The Zimbabwe hyperinflation ends

The BBC reports:

Prices in Zimbabwe have begun to fall after years of galloping inflation, according to figures from the state Central Statistical Office (CSO).

Prices of goods bought in US dollars, Zimbabwe's new official currency, fell by up to 3% in January and February. They were the first official figures since the country's recent adoption of the US dollar.

So now it is up to Ben Bernanke to keep Zimbabwe inflation (and deflation) in check.