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Zimbabwe Edges Closer to Hyperinflation

  • Monthly inflation rate rose to 38.8% in October from 17.7%
  • Food prices surged by 48.4% as regional drought continues
Pensioners line up to withdraw their pensions from a bank in Harare.

Pensioners line up to withdraw their pensions from a bank in Harare.

Photographer: Cynthia R Matonhodze/Bloomberg

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Zimbabwe’s monthly inflation rate more than doubled in October as food costs surged, bringing the nation closer to a new bout of hyperinflation.