>I know that Bolivia had hyperinflation several years ago. ...
Supposedly a world record for non-war-related inflation. The exchange rate for US$ 1 changed from 25 pesos to about a million pesos, within 2-3 years.
> What are typical inflation rates these days?
Within reasonable bounds, but I don't have exact figures. The exchange rate for the US$ changed was 1:2, perhaps, 10 years ago, now it is 1:7.
People here are so accustomed to compare the currency with the US$ that they tend to think of the US$ as absolutely stable, which of course it isn't (i.e., if the exchange-rate with the dollar changes from 1:7 to 1:7.7 that is sometimes interpreted as a 10% inflation - completely disregarding the inflation that the US$ suffers).
Hilmar.
Difference in opinions hath cost many millions of lives: for instance, whether flesh be bread, or bread be flesh; whether whistling be a vice or a virtue; whether it be better to kiss a post, or throw it into the fire... (from Gulliver's Travels)
