ZIMBABWE’s annual inflation rose by 2,9% to 53,7% in April, the Reserve Bank announced on Tuesday. The central bank said food inflation rose by 0,8% to 47,2% and core inflation by 4,7% percent to 58,9%. On the interbank foreign exchange market, the bank said the net outflow came to US$38-million. The current account registered a US$39-million surplus, with total receipts of $106-million and payments of $67-million. The bank said the Zimbabwe dollar gained 2,6% against the South African rand, 2% against the Botswana pula and 2% against the euro.
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