Zimbabweans queue outside a bank in Harare, Zimbabwe, February 26 2019. Picture: REUTERS/PHILIMON BULAWAYO
Zimbabwe, whose inflation rate is widely ranked as the second highest in the world after Venezuela, is experiencing its worst economic challenges with price increases at a ten-year high. In a statement seen by Business Day, Zimstat said that year-on-year food and nonalcoholic beverages inflation, stood at 126,43%, while the nonfood inflation rate was 85,94% .
Economists says real inflation could be much higher owing to the recent spate of price increases. Retailers have hiked commodities daily to keep up with the falling rate of the local currency to the US dollar.
Or great as Syria, Yemen, Iraq and Afghanistan, Lybia etc
One day when South Africa is going to be big after EWC they are going to be just as great as Zimbabwe.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zimbabwe inflation nears 100%This is the highest inflation figure in over a decade and critics say this is a conservative figure because Zimstats calculations are based on a limited range of goods. The cost of living is also rising dramatically in SA, the corruption of the previous president is now making in roads in the disposable income of South Africans. news24 On which currency? Now they can do Quantity Easing 😱
Source: ewnupdates - 🏆 30. / 53 Read more »
Could litchi be behind mysterious sickness that has killed nearly 100 kids in India? | IOL NewsThe children go to sleep as best they can in the sweltering heat. Early in the morning, the fever spikes and the seizures begin.
Source: IOL - 🏆 46. / 51 Read more »
Brain disease kills 97 Indian children, 'heat curfew' imposedA brain virus potentially linked to lychees killing almost 100 children and extreme heat leaving 78 people dead.
Source: eNCA - 🏆 49. / 51 Read more »
Zimbabwe inflation nears 100%This is the highest inflation figure in over a decade and critics say this is a conservative figure because Zimstats calculations are based on a limited range of goods. The cost of living is also rising dramatically in SA, the corruption of the previous president is now making in roads in the disposable income of South Africans. news24 On which currency? Now they can do Quantity Easing 😱
Source: ewnupdates - 🏆 30. / 53 Read more »
Mnangagwa explains why Zimbabwe did not adopt the randZimbabwe recently introduced a new currency. PresJGZuma we r sorry papa we did not listen Of course, the short of it is that the country did not qualify.
Source: eNCA - 🏆 49. / 51 Read more »
Mnangagwa explains why Zimbabwe did not adopt the randZimbabwe recently introduced a new currency. the adoption of Rand will not benefit fuel cartels that get US Dollars at ridiculous official RTGS:USD rate from state coffers. The RTGS dollar also covers up production deficit created by zanu pf.they pint RTGS to buy USD instead of producing goods for export. Good for them, our Rand is to volatile and supper insensitive any way This Mnangagwa guy is not truthful, he adopted the USD because his personal businesses were benefiting from the USD more than the Rand. He runs a cartel of illegal gold miners and fuel dealers, he runs money exchanging cartels which he benefits heavily by using the USD
Source: eNCA - 🏆 49. / 51 Read more »