News Formal

Zimbabwe edges closer to hyperinflation | IOL Business Report

  • 📰 IOL
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SAA's plan to save R2bn | IOL Business ReportSouth African Airways is renegotiating favourable terms on existing contracts with its suppliers while sourcing better terms on new procurement spend. busrep
Source: IOL - 🏆 46. / 51 Read more »