Zimbabwe inflation spirals again
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Zimbabwe's annual inflation rate, soars to 66,212.3% for December, official figures say.
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CHITUNGWIZA, Zimbabwe -- It's not only the prices of bread and eggs that are out of control in Zimbabwe, land of 4,000 percent inflation. For the man inclined to cheat on his wife, these are trying times. Keeping a mistress, visiting a prostitute or even taking a girlfriend out for beers is simply...
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Twelve-month inflation fell sharply to 2.7 percent in January after a record of 3.0 percent in December, according to new data which has dimmed prospects of a rate rise.
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The markets slid for a second straight session today after an increase in labor costs stirred concerns about inflation and interest rates.
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Zimbabwean President Robert Mugabe bans all pay and price rises in a new bid to curb the country's runaway inflation.
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Zimbabwe's President Robert Mugabe, who is facing mounting discontent at home, blamed his country's economic crisis on the European Union and Britain during celebrations Saturday for his 83rd birthday.
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Zimbabwe's annual inflation rate has soared to over 100,000 percent, weeks ahead of elections in the southern African country, according to official figures obtained by AFP on Wednesday.
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President Robert Mugabe's government has ordered prices of basic goods and services be slashed by half to protect Zimbabweans battling with the world's highest inflation rate, official media reported on Tuesday.
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New banknotes, including a 10 million dollar bill, will go into circulation in inflation-ravaged Zimbabwe this week, the central bank's governor said on Wednesday.
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which jumped steeply the previous month - increased only modestly, official figures showed yesterday. Inflation
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Zimbabwe President Robert Mugabe has banned all pay rises without authorisation and given himself extra powers in a new bid to curb the world&#39;s highest inflation rate, state media said Friday.
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Inflation slowed to its weakest pace for seven months in May, as lower domestic energy prices sparked the second monthly drop in a row.
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Authorities in Zimbabwe announced the arrest of hundreds more retailers and executives as part of an ongoing price crackdown Friday as it emerged the head of the central bank had warned against the blitz.
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Zimbabweâs population is falling as its economy fails, and South Africans face new competition for jobs and housing.
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Inflation tops 7,600 percent as the country's economic crisis forces people to flee the country or scrounge for food.
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Chinese markets fall again amid fears that tough anti-inflation measures are needed to cool its surging economy.
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Inflation in Zimbabwe leaps to a record annual rate of 1,593.6% in January as the economy faces chronic shortages of food and fuel.