Economics

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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By Rene Vollgraaff

November 15, 2019 at 8:41 AM UTC

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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.