Consumer prices in Zimbabwe rose on an annual basis for the first time since September 2014 last month. The 0.1 percent increase was partly due to a 1.3 percent advance in prices of food and non-alcoholic beverages, which account for a third of the basket. The southern African nation, where hyperinflation peaked at 500 billion percent at the end of 2008, abandoned its own currency and uses of a basket of foreign exchange including the South African rand, the dollar, the euro and the pound, as well as so-called bond notes printed by the government.



Source link : https://www.bloomberg.com/news/articles/2017-03-15/inflation-is-back-in-zimbabwe-after-2-1-2-year-hiatus-chart

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Publish date : 15 March 2017 | 12:19 pm

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