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Inflation up

Zimbabwe’s annual inflation for September stood at 0.78 percent, gaining 0.64 percent on the August 2017 rate of 0.14 percent, the statistics agency reported today.

Month on month the inflation rate gained 0.51 percentage points to 0.38 percent, Zimstats said.

United States economist Steve Hanke argued that Zimbabwe’s inflation for August was 242.72 percent.

He said Zimbabwe now had the second highest inflation in the world after Venezuela.

His calculations were based on the Old Mutual share price difference in London and Harare.




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