Zimbabwe’s annual inflation hits 10-year high of 175.66%

FILE PHOTO: People queue to withdraw money from a bank in Harare
FILE PHOTO: People queue to withdraw money from a bank in Harare, Zimbabwe’s capital, March 8, 2017. REUTERS/Philimon Bulawayo/File Photo

July 15, 2019

HARARE (Reuters) – Zimbabwe’s annual inflation soared to a 10-year high of 175.66% in June compared with 97.85% in May, statistical agency ZIMSTATS said on Monday.

On a month-on-month basis, the central price index rose 39.26% compared with 12.54% in May, ZIMSTATS said.

(Reporting by Macdonald Dzirutwe; Editing by Andrew Heavens)

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