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/ 7 April 2006

Zim’s inflation rate rockets to new record

Zimbabwe’s 12-month inflation rate jumped to a new record high of 913,6% for March, officials said on Friday, surpassing a central bank forecast as the country’s economic woes continue. "The year-on-year rate of inflation in March 2006 was 913,6%, gaining 131,6 percentage points on the February rate of 782%," said Moffat Nyoni, acting director of the Central Statistical Office.