HARARE: Zimbabwe's annual inflation rate soared to 11.2 million percent in June, state media reported on Tuesday quoting figures from the central statistical agency.
"Zimbabwe's annual rate of inflation surged in June to 11.2 million percent," The Herald reported.
"It gained 9,035,045.5 percentage points from the May rate of 2,233,713.4 percent."
Once a regional economic model, Zimbabwe is in the throes of economic crisis with an astronomical inflation rate and at least 80 percent of the population living below the poverty threshold, often skipping meals and walking long distances to stretch their income
"Zimbabwe's annual rate of inflation surged in June to 11.2 million percent," The Herald reported.
"It gained 9,035,045.5 percentage points from the May rate of 2,233,713.4 percent."
Once a regional economic model, Zimbabwe is in the throes of economic crisis with an astronomical inflation rate and at least 80 percent of the population living below the poverty threshold, often skipping meals and walking long distances to stretch their income
