Zimbabwe inflation rate the highest in the world
HARARE – Zimbabwe’s annual inflation rate has reached 1098.8 percent as Zimbabweans braced themselves for a far-from-festive season, reports said Monday.
The new figure represents a rise of 28.6 percentage points on the October figure of 1070.2 percent, according to information released by the Central Statistical Office (CSO) and quoted on state radio.
Month-on-month inflation has reached 30.1 percent, up from 27.5 percent.
Inflation in Zimbabwe is by far the highest in the world and shows no signs of falling, despite Reserve Bank Governor Gideon Gono’s prediction in January that inflation would plummet to 230 percent by year-end.