Zimbabwean Inflation Quickens to Highest Rate in Almost 7 Years
- Consumer prices rose 4.8% in August from a year earlier
- Inflation rate for food and non-alcoholic drinks at 7.5%
Bindura, Zimbabwe on Sunday, July 29, 2018.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Zimbabwe’s inflation rate rose to the highest in almost seven years in August as food-price growth quickened.
Consumer prices increased 4.8 percent from a year earlier, the Harare-based Zimbabwe National Statistics Agency said in an emailed statement Monday. That’s the highest rate since December 2011. Inflation for food and non-alcoholic drinks quickened to 7.5 percent from 6.3 percent.