/ 18 October 1999

ZIM INFLATION HITS 69%

ANNUAL inflation in Zimbabwe continued its upward trend and reached a record rate of 69,7% in September, according to official figures published on Thursday. The government’s Central Statistical Office said the figure surpassed by 0,9 percentage point the previous record of 68,8%, set in August. The CSO said the increase was fuelled particularly by rising food prices. Economists believe the annualised inflation rate will continue to rise.

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