Views Article – Sharenet Wealth

Africa, News

Zimbabwe inflation at 785.55% y/y in May – Zimstat

HARARE (Reuters) – Zimbabwe’s inflation rose to 785.55% year-on-year in May from 765.57% the previous month, Zimstat said on Tuesday, as citizens grapple with rising prices of basic goods and a weakening currency.

On a month-on-month basis inflation slowed to 15.13% from 17.64% during the same period, said Zimstat.

(Reporting by Macdonald Dzirutwe; Editing by Emma Rumney)

A shopper wears a mask for protection against the spread of coronavirus disease (COVID-19) in a shop in Harare

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.