Saturday, June 28, 2008

Latest figure on Zimbabwe's Annual Inflation

Zimbabwe's Annual Inflation 9 Million Percent, Independent Says

By Brian Latham

June 27 (Bloomberg) -- Zimbabwe's annual inflation rate surged to 9 million percent by June 20 and is set to end the month at more than 10.5 million percent, the Independent reported, citing the Central Statistical Office.

Inflation accelerated from 1.69 million percent in May, the Harare-based newspaper said. Prices rose 862 percent in the month, it said.

Moffat Nyoni, acting director of the statistics office, wouldn't confirm the data, saying the agency doesn't have sufficient information to provide a definite inflation estimate, the newspaper said.

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