Zimbabwe Inflation Hits 250%,Worst Inflation in 18 Months

Zimbabwe Inflation Hits 250%,Worst Inflation in 18 Months (News Central TV)

With inflation quadrupling since February and reaching 250%, many Zimbabweans are struggling to cope.

This is the highest level in eighteen months. The authorities blame the after-effects of the coronavirus pandemic and the hike in global prices on fuel, grains and fertiliser.

A shortfall of American dollars to fund imports has also contributed to the rising cost of basic goods and services.

On Monday the central bank released gold coins to the market in an attempt to stem inflation by curbing the appetite for US dollars.


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