Facts about prices, potassium iodide edition

David Tufte reports:

Last Thursday morning, you could buy a packet of potassium iodide tablets for $10. Tuesday morning it would have cost you $540.

That is a 5,300% increase in the space of 5 days.

Annualized, that is 3 x 10126%.

Yes, that’s scientific notation.

Here’s the rate written out: 2, 915, 710, 944, 820, 310, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000%.

Is this the highest inflation rate ever?

Believe it or not, it is only the penultimate inflation rate.

It’s more digestible to convert this into a daily inflation rate, which would be 122%.

That rate is higher than that in Zimbabwe a few years ago, but it still falls short of Hungary in 1946.

p.s. Maybe QEII is at fault!

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