Zimbabwe Price Inflation Measure War: Hanke vs. Mthuli

Proffessor Mthuli, dismisses Proffesor Hanks inflation calculations as a fallacy and misleading as they are erroneously based on Old Mutual implied rate. pic.twitter.com/cBE1d6wpIn

— Kenias Mafukidze (@keniasmafukidze) August 5, 2019

Prof. Hanke responds:

Regarding my inflation measures for #Zimbabwe, @MthuliNcube is hopelessly out of date. After the currency regime switched this summer, Old Mutual prices were no longer appropriate for PPP analysis. So, I stopped using them. To update, the Prof should read the footnotes to my work https://t.co/nB0yKIbXKc

— Prof. Steve Hanke (@steve_hanke) August 5, 2019

Prof. Hanke currently has Zimbabwe's annual price inflation at  558%, about three times the official rate.

-RW