Thursday, November 03, 2005

Zim's poor hurt by inflation

LINK

"...I just woke up on Monday to find that prices have doubled just like that," Kenneth Manungo, a clerk at Harare insurance firm who was queuing to buy bread at a local chain store said.
"I don't know whether our employers know how much we are suffering. Sometimes you wonder is it not better to stay home, the money is too little," he told Reuters.
The government has branded inflation its number one enemy.
It stood at an annual 359.8 percent in September and analysts believe it will end the year above 400 percent -- well beyond central bank forecasts for it to reach between 280 and 300 percent by December..."

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