Inflation in Zimbabwe set to triple?

Inflation in Zimbabwe has hit 1,200%, and the black market in baked goods continues. Deja vu.

Head over to Ethan Zuckerman's blog to read his vacation notes from Harare, posted despite the Internet shut down there. His photos show that you can't buy gas with Zimbabwean dollars, and that dollars are printed with an expiration date (with some optimism that they'll still be worth something by then).

The IMF heads to Harare next week, and conversation will certainly touch on the Regional Economic Outlook for Sub-Saharan Africa it published last Saturday. In particular:

For the region as a whole, excluding Zimbabwe, inflation is projected to decline to about 6 percent. In Zimbabwe, if current policies are maintained, inflation can be expected to accelerate to above 4,000 percent.