The monthly inflation rate, at 4.4 percent in March, rose to 5.5 percent in April, 12.5 percent in May and then shot up to 32.96 percent in June.
On Aug. 1, finance minister Mthuli Ncube suspended the publication of annual inflation figures until February 2020 to avoid miscalculation of the country’s inflation, given the changes in functional currency from the U.S. dollar to Zimbabwe dollar in June.
In June, Zimbabwe’s annual inflation rose to 175.66 percent, the highest in a decade.
Post published in: Business