Zimbabwe edges closer to hyperinflation
A woman poses with Zimbabwe’s new two dollar banknotes as customers queue outside a bank in Harare. Zimbabwe’s monthly inflation rate more than doubled in October as food costs surged, bringing the nation closer to a new bout of hyperinflation.
A man poses with Zimbabwe’s new two dollar coin as customers queue outside a bank in Harare. Zimbabwe’s monthly inflation rate more than doubled in October as food costs surged, bringing the nation closer to a new bout of hyperinflation.
INTERNATIONAL – Zimbabwe’s monthly inflation rate more than doubled in October as food costs surged, bringing the nation closer to a new bout of hyperinflation.
Monthly inflation accelerated to 38.8% from 17.7% from in September, the Zimbabwe National Statistics Agency said in an emailed statement Friday. That’s the highest rate since June.
Source: iol.co.za
