Inflation & Prices
Zimbabwe Inflation Rate Hits Seven-Month High as Finance Minister Pledges to Act
- Monetary policy statement will bring stability: treasury chief
- Local unit has weakened 72% against dollar, fanning inflation
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Zimbabwean annual inflation surged to a seventh-month high, days after the finance minister pledged to address price increases that are being fueled by the nation’s free-falling currency.
Annual inflation quickened to 55.3% this month from 47.6% in February, the Zimbabwe National Statistics Agency said Wednesday in an online briefing. Prices rose 4.9% in the month, compared with 5.4% in February.