Economics
Zimbabwe: From Falling Prices to 3-Digit Inflation in 30 Months
- Annual inflation rate surged to 176% in June from 98% in May
- Prices of food, clothing, health care rose more than 200% y/y
A street vendor sells food, refreshments and mobile phone airtime vouchers on a roadside at dusk in Harare, Zimbabwe.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Zimbabwe has gone from deflation to triple-digit inflation in less than three years.
The statistics office said in Monday that annual inflation surged to 175.7% in June from 97.9% in May. That’s only 29 months after Zimbabwe’s consumer prices started rising again following years of deflation.