Monday, August 2, 2021

    Zimbabwe inflation at 785.55% y/y in May – Zimstat

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    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    HARARE (Reuters) – Zimbabwe’s inflation rose to 785.55% year-on-year in May from 765.57% the previous month, Zimstat said on Tuesday, as citizens grapple with rising prices of basic goods and a weakening currency.

    On a month-on-month basis inflation slowed to 15.13% from 17.64% during the same period, said Zimstat.

    Reporting by Macdonald Dzirutwe; Editing by Emma Rumney

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