Economics
Zimbabwe's Surging Inflation Is Set to Slow as State Acts
- Annual inflation rate jumps to highest level in over a decade
- Monthly price growth slows after government’s intervention
This article is for subscribers only.
Zimbabwe’s February inflation rate surged to the highest annual level since hyperinflation more than a decade ago, but monthly consumer-price growth is slowing.
While annual inflation accelerated to 59.4 percent in February compared with 56.9 percent in January, prices grew 1.67 percent in the month, down from 10.8 percent in January, the Harare-based statistics agency said in a report Friday.