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Zimbabwe edges closer to hyperinflation | IOL Business Report

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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. busrep

A woman poses with Zimbabwe's new two dollar banknotes as customers queue outside a bank in Harare. A man poses with Zimbabwe's new two dollar coin as customers queue outside a bank in Harare. INTERNATIONAL -

Monthly inflation accelerated to 38.8% from 17.7% from in September, the Zimbabwe National Statistics Agency said in an emailed statement Friday. That’s the highest rate since June.

 

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