Thursday, July 17, 2008

Zimbabwe inflation tops 2m per cent

Zimbabwe's economy is continuing to unravel, with the country's central bank saying annual inflation is now estimated to be more than 2.2 million per cent.

However, that figure is seen as a rough measure and some economists put inflation above 7 million per cent.

The official inflation figures simply confirm what Zimbabweans already know. In those shops and businesses that have goods to sell, prices are increasing by the hour.

President Robert Mugabe blames the rocketing prices on what he calls "illegal" sanctions imposed on Zimbabwe by western nations.


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