Inflation & Prices
Zimbabwe Inflation Surges for First Time Since ZiG Launch
- The nation started measuring inflation in ZiG in May
- Severe drought may push food prices higher and weaken currency
A vendor sells a sack of corn grain to a customer at a market in Harare, Zimbabwe.
Photographer: Cynthia R Matonhodze/BloombergThis article is for subscribers only.
Zimbabwe’s monthly inflation rate climbed to the highest level since the authorities started measuring prices in its bullion-backed currency.
Consumer prices rose 1.4% in August, compared with a 0.1% decline a month earlier, the Zimbabwe National Statistics Agency said Monday during an online briefing. The largest contributors to the inflation surge were food and non-alcoholic beverages, according to the agency.