Economics
Zimbabwean Prices Surge at Fastest Pace Since Hyperinflation
- Inflation rate jumped to 20.9% in October from 5.4% before
- Government policies have caused shortages of consumer goods
This article is for subscribers only.
Zimbabwean consumer prices surged at their fastest pace since a hyperinflationary spiral a decade ago as the policies of the government led by President Emmerson Mnangagwa caused shortages of everything from fuel to consumer goods.
Inflation accelerated to 20.9 percent in October, from 5.4 percent in the previous month, the Zimbabwe National Statistics Agency said in a statement emailed Tuesday. Still, that’s below the 500 billion percent the International Monetary Fund estimated it reached in 2008.