Zimbabwe’s June inflation nearly doubles, sliding closer to hyperinflation
Prices of basic goods from sugar and cooking oil to building materials soared in June as much as 200%
15 July 2019 - 17:32
Johannesburg/London — Prices of cooking oil and other basics soared in Zimbabwe as inflation nearly doubled in June, data showed on Monday, piling pressure on a population struggling with shortages and stirring memories of economic chaos a decade ago.
Annual inflation hit 175.66%, up from 97.85% in May, statistics agency Zimstats said — the highest rate since runaway money —printing and associated hyperinflation forced the country to abandon its currency in 2009...
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