Tuesday, July 21, 2009

Inflation is starting to rise again

From AFP

...In June, the monthly inflation rate registered at 0.6 percent, against -1.0 percent in May.

Food prices, however, remained deflationary, with food and non-alcoholic beverages at -1.26 percent, against -0.84 percent in May, the Central Statistics Office said.

Non-food inflation was at 1.45 percent, compared with -1.05 percent for May.

Since trading in foreign currency was allowed, Zimbabwe's once-deserted shops are again fully stocked with food.

But even with food prices falling, few people can afford to buy food in a country where the unemployment rate is estimated at 94 percent....

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