Originally posted by storch
mil was around a dollar that month
brasil was suffering hyperinflation at that time the currency was worthless. filling stations and stores would alter their prices by the hour. it was an insane period in time for them.
January, 1990, 82% inflation. That is not an annualized rate, folks, prices went up an average of 82% in that single month. That was the worst I personally experienced -- usually hovered in the 30%'s per month.
Oh, and BTW, in case some of you readers didn't know, each change of currency is usually accompanied by dropping 3 zeros off the denomination, i.e. 1 cruzado novo = 1,000 of the previous cruzados.
And here the Fed gets all upset if annualized inflation gets above 2.5%.
Back (slightly) on topic, a commentator at the time was comparing the hyperinflation Brazil was experiencing to what Germany was experiencing in the last days of the Weimar Republic, right before the Nastzis took over. Couldn't follow his logic quite closely enough to tell if he was advocating something . . .
Ahem . . . We need more JU88 variants right away.
