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Zimbabwe inflation hits new high | Zimbabwe inflation hits new high |
(10 minutes later) | |
Zimbabwe's annual rate of inflation jumped to 7,638% in July according to the first official figures to be published for three months. | Zimbabwe's annual rate of inflation jumped to 7,638% in July according to the first official figures to be published for three months. |
The Central Statistical Office said inflation had nearly doubled since the last official data was released in May. | |
Since then the government has ordered shopkeepers to slash their prices and arrested anyone who has failed to obey. | |
Last month, the International Monetary Fund warned annual inflation could reach 100,000% by the end of the year. | |
The Consumer Council of Zimbabwe has said the real year-on-year inflation is far higher than the official rate - they said it was nearer 13,000% in June. | |
Zimbabwe's economic crisis has led to an estimated 3m people fleeing the country for South Africa. |