Zimbabwe: Inflation Doubles in Two Months to 191 Percent - As New Measure Mnangagwa Said to Come Saturday Not Announced

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Inflation Doubles in Two Months to 191% NewZimbabweCom: Zimbabwe

The development came as the government failed to present new measures to tackle the rising cost of living which President Emmerson Mnangagwa had said would announced Saturday.

The price of basic goods including bread has soared, prompting the central bank last week to offer bakers access to foreign currency in order to curb increases. The energy regulator on Friday announced a second increase in a month in gas prices. Thousands of nurses and doctors at state-run hospitals were on strike since Monday demanding a hefty raise and wages in US dollars due to the slide in the local currency and the erosion of the value of their earnings due to inflation.

 

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