The Statistics Bureau of the Central Bank of Iran just
announced that the country’s annual inflation rate for the 12-month period
ending 20 April 2012 was at 21.8 percent [ISNA, 14 May].
a 10% inflation rate is healthy as it incentivizes work. one of the most self destructive things the US did in the late 70s and early 80s was to kill off its inflation. that was the turning point in the american economy, transforming it into a bunch of debtors.
Those statistics are under inflated.It should be much higher at 35% or more.Prices have increased a lot in the past 8 months.
ReplyDeletea 10% inflation rate is healthy as it incentivizes work. one of the most self destructive things the US did in the late 70s and early 80s was to kill off its inflation. that was the turning point in the american economy, transforming it into a bunch of debtors.
ReplyDeleteand 22% inflation is not 10%, is it?
ReplyDeleteand the US economy is in a heck of a lot better shape than one that's based on sales of a single commodity.