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Thursday, February 6, 2025
WorldZimbabwe's inflation rises by 250%

Date:

Zimbabwe’s inflation rises by 250%

The annual inflation of Zimbabwe has risen to more than 250%, leaving many Zimbabweans  struggling to cope.

It is the highest level for a year and a half since inflation stated quadrupling in February.

According to reports, the high cost of goods and services are as a result of the COVID-19 pandemic and the high global prices on fuel, grain and fertiliser.

A local shortage of American dollars to pay for imports has also contributed to the rising cost of basic goods and services.

On Monday the central bank released gold coins onto the market in an attempt to stem inflation by curbing the appetite for US dollars.

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