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Zimbabwe inflation now 96.4%

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.

(96 VIEWS)

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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