Jeslek
Banned
Harare - Zimbabwe's consumer price index rose by 139.9% in the year to September, up from its August rate of 135.1%, figures from the Central Statistical Office showed on Wednesday.
The CSO attributed the rise to increases in the price of condiments, confectionery, meat, beverages, fruit and vegetables. Of the 139.9% increase, food price hikes accounted for 60.1 percentage points.
Zimbabwe's annual inflation has averaged above 100% since November 2001 as the southern African country battles with an economic crisis many blame on mismanagement by President Robert Mugabe's government.
The crisis has shown itself largely in acute food shortages affecting nearly seven million Zimbabweans and blamed partly on chaotic government land reforms, as well as a foreign currency crunch which has led to erratic fuel supplies since 1999.
The government has officially pegged the Zimbabwe dollar at 55 to the US currency since November 2000, but it is currently trading around 650 on a thriving informal market.
SOURCE: Reuters
That is a bit excessive
The CSO attributed the rise to increases in the price of condiments, confectionery, meat, beverages, fruit and vegetables. Of the 139.9% increase, food price hikes accounted for 60.1 percentage points.
Zimbabwe's annual inflation has averaged above 100% since November 2001 as the southern African country battles with an economic crisis many blame on mismanagement by President Robert Mugabe's government.
The crisis has shown itself largely in acute food shortages affecting nearly seven million Zimbabweans and blamed partly on chaotic government land reforms, as well as a foreign currency crunch which has led to erratic fuel supplies since 1999.
The government has officially pegged the Zimbabwe dollar at 55 to the US currency since November 2000, but it is currently trading around 650 on a thriving informal market.
SOURCE: Reuters
That is a bit excessive