The following table shows the approximate daily rates of inflation from some of the worst hyperinflation episodes in history:

A simple way of calculating the approximate amount of time it will take prices to double is to divide 70 by the growth rate; this is called the Rule of 70. For each of the hyperinflations shown in the table, calculate the amount of time it would take prices to double.

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Month with highest inflation rate Daily inflation rate Country Hungary Zimbabwe Yugoslavia Germany Greece Taiwan (Republic of China) July 1946 November 2008 January 1994 October 1923 October 1944 May 1949 195% 98 64.6 20.9 17.1 13.4