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Zimbabwe's Annual Inflation Jumps To 540%

3 years agoTue, 17 Mar 2020 12:18:33 GMT
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Zimbabwe's Annual Inflation Jumps To 540%

The Zimbabwe National Statistics Agency (ZIMSTAT) has announced that Zimbabwe’s annual inflation was, as of February 2020, at 540.16 percent while the month on month inflation was at 13.52 percent.

The rate at which inflation rose is alarming considering that annual inflation was 59.39% in February 2019.

Analysts attribute the rise to low production in the country which forces locals, individuals, businesses and government, to import almost everything from other countries.

More: Xinhuanet

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