Zimbabwe inflation hits 175.66 per cent
Zimbabwe annual inflation hit 175.66 per cent in June up from 97.85 per cent in May, statistics agency ZIMSTATS said on Monday, the highest rate since 2009.said on a month-on-month basis, the consumer price index rose 39.26 per cent in June compared to 12.54 per cent in May, nearing the monthly 50 per cent figure that would mark the start of hyperinflation.
The high inflation is piling pressure on a population struggling with shortages and stirring memories of economic chaos a decade ago.’s bid to revitalise an economy that suffered decades of decline and bouts of financial chaos under veteran leader Robert Mugabe’s near four-decade rule. The new sole tender has tumbled 27.9 per cent since then, lingering at 8.77 against the dollar in official exchanges on Monday.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ogoni Clean-up: 95 per cent Ogonis involved in exercise - Nigerian government - Premium Times NigeriaOgoni Clean-up: 95 per cent Ogonis involved in exercise – Nigerian government
Read more »
Nigeria inflation falls to 11.22% - lowest in one year - Premium Times NigeriaNigeria's inflation hit the highest marks in the last 12 months in December 2018 and May 2019.
Read more »
AFCON 2019: We deserve to score more against Nigeria - Algeria coach - Premium Times NigeriaAlgeria’s coach, Djamel Belmadi, feels Nigeria was lucky; losing just 2-1 to his team.
Read more »
AFCON 2019: Algeria vs Nigeria: Five key battles that will determine the winner - Premium Times NigeriaThe Desert Foxes [Fenecs] of Algeria are most pundits’ pick for being African champions in Egypt. But the Foxes have not celebrated against the Super Eagles of Nigeria since 1990.
Read more »
BREAKING: Algeria defeat Nigeria, qualify for AFCON 2019 final - Premium Times NigeriaBREAKING: Algeria defeat Nigeria, qualify for AFCON 2019 final
Read more »
Algeria vs Nigeria (LIVE UPDATES): Eagles battle foxes for final ticket - Premium Times NigeriaAt half time, an own goal by William Troost-Ekong gives Algeria a 1-0 lead over Nigeria AFCON2019 ALGNGA ALGNIG See live updates here.
Read more »