Zimbabwe Inflation Hits 250%,Worst Inflation in 18 Months

With inflation quadrupling since February and reaching 250%, many Zimbabweans are struggling to cope.

This is the highest level in eighteen months. The authorities blame the after-effects of the coronavirus pandemic and the hike in global prices on fuel, grains and fertiliser.

A shortfall of American dollars to fund imports has also contributed to the rising cost of basic goods and services.

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

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