Zimbabwe: Inflation Rate Spirals Higher Still

Zimbabwe: Inflation Rate Spirals Higher Still

Zimbabwe’s inflation rate, already one of the highest in world history, rose from an annual rate of 11 million percent in June to 231 million percent in July, according to official statistics reported by the state media. Rising prices for staple foods are driving the price increases, making it increasingly difficult for people to afford food. Talks on details of a power-sharing deal involving the opposition leader Morgan Tsvangirai that might halt the economic decline are deadlocked, Mr. Tsvangirai said.

http://www.nytimes.com/2008/10/10/world/africa/10briefs-INFLATIONRAT_BRF.html?partner=rssnyt&emc=rss

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