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| Africa Subsaharan |
| Zim: Inflation rises to 8,000% last month |
| 2007-10-18 |
| (SomaliNet) Being the highest in the world already, ZimbabweÂ’s inflation rate, rose to a new peak of nearly 8 000 percent last month, figures released by the central statistics bureau showed on Wednesday. "The year-on-year inflation rate in September 2007 was 7 892,1 percent, gaining 1 389,3 percentage points on the August rate of 6 592,8 percent," the bureau said in a statement. The month-on-month rate of inflation was 38,7 percent, the CSO added. The new rise reverses a slight fall in the monthly rate that was recorded in September and punctures hopes by government that it was beginning to tame what central bank governor Gideon Gono has termed the country's "economic HIV". |
| Posted by:Fred |
| #3 Zim: Inflation rises to 8,000% last month Q: So, how much will that cost? A: What time is it? |
| Posted by: xbalanke 2007-10-18 17:12 |
| #2 So how much was it for all those Humvees, wrap-around shades and mobiles phones then, Bob? Somebody, somewhere, put this place outa its misery. |
| Posted by: rhodesiafever 2007-10-18 13:51 |
| #1 Those who locked in their mort-gages (banned woid) at 5% are really making out. |
| Posted by: ed 2007-10-18 10:22 |