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Zimbabwe: Inflation soars to 231 million percent

Zimbabwe's annual inflation rate rose to 231 million percent in July, driven faster by food prices, according to official government statistics. The annual rate of price growth was 11,2 million in June.

It therefore gained 219,8 million percentage points, said the Central Statistical Office in a statement released yesterday, 8 October.

What it means is on average goods in July this year were about 231 million times as expensive as they were 12 months earlier. The month-on-month rate rose 1 760,9-percentage points on the June rate of 839,3 percent to 2 600,2 percent.

Read the full article here.

[9 Oct 2008 14:26]

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