Zimbabwe inflation now 96.4%


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Zimbabwe’s inflation for April rose by 23.7 percentage points to reach 96.4% but United States economist Steve Hanke says the Southern African nation now has the highest inflation in the world and puts it at 207%.

Month-on-month inflation rose from 6.3% in March to 15.55% in April with the poverty line increasing from $9 708 to $11 363 per person.

Zimbabwe blames rising inflation on the war between Russia and Ukraine as well as what it terms speculative behavior within the business sector.

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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