Posted on February 13th, 2007 at 11:05 pm by aaron
Zimbabwe’s Inflation Rate Skyrockets
Wednesday February 14, 2007 12:16 AM
JOHANNESBURG, South Africa (AP) - Huge price increases for bread, electricity and meat drove Zimbabwe’s annual inflation rate to 1,593.6 percent, the Central Statistical Office was quoted Tuesday as saying.
The figure for January 2007 represents a 312.5 percent increase on the December rate, the biggest leap in 17 months. Economists have said there could be hourly price increases in stores by May or June, the Zimbabwe Independent newspaper reported last week.
