Kaya 959 Kaya Biz

SIFISO SKENJANA, FOUNDER AND FINANCIAL ECONOMIST AT AFRA CONSULTANTS

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The spectre of hyperinflation is looming over Zimbabwe again, a decade after runaway prices forced the country to abandon its currency. Annualized inflation in Zimbabwe surged to 175.66 percent in June, up from 97.85 percent in May, the country's statistical office said Monday. On a monthly basis, consumer prices rose 39.9 percent in June compared with 12.54 percent in May. Hyperinflation occurs when prices rise 50 percent per month.
16 Jul 2019 9AM English South Africa Business News · Investing

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