Zimbabwe's inflation doubles in two months to 191%

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Inflation which was at 96.4 percent in April, crept up to nearly 200 percent as prices of cooking oil and bread are leaping higher as a result of Russia's invasion of Ukraine.

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ZIMBABWE - Zimbabwe's annual inflation rate quickened to 191.6 percent in June, more than doubling the consumer price increases of two months ago, official statistics showed Saturday.

Rising prices revive memories of hyperinflation seen more than a decade ago when inflation spiralled so far out of control that the central bank in 2008 issued a 100-trillion-dollar note, which has now become a collectors' item. The government then ditched the local currency and adopted the US dollar and the South African rand as legal tender.

But in 2019 the government reintroduced the Zimbabwean dollar, which has rapidly been declining in value.

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 /  🏆 30. in ZA
 

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They chose this life & they continue to choose it in every election. That is how much they like it.

Yes but they need land !!! 🤣🤣🤣

Welcome the EFF economic model! 🤡🤡🤡

SAgovnews we heading in same direction fast

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