Zimbabwean Bicycle Boom

Business | Reuters.co.za

It's hard to draw any conclusions about the effects that the high oil prices will have here in Sweden and the rest of the western world. But it sure has an alarming effect on bike prices in Zimbabwe.

The price of a bike in October was almost twenty times what it was a year earlier, as Zimbabweans frustrated by chronic fuel shortages opted increasingly for pedal power.

The 1,838 percent inflation in the two-wheeler market pushed overall annual inflation last month to 411 percent, the Central Statistics Office said on Thursday.

Read more over at Reuters