Zimbabwe inflation hits 2.2 million percent
Political uncertainty in Zimbabwe is proving costly to its economy. Soaring Inflation has been making all kind of records in Zimbabwe and this latest figure shouldn't surprise anybody.
Zimbabwe's annual rate of inflation has hit a new record high of 2.2 million percent, the central bank's governor Gideon Gono said on Wednesday. "Statistics provided by the CSO (central statistical office) indicate that it is now at 2.2 (million percent)," Gono said in a speech in Harare.
The figure is the first from the authorities in Zimbabwe since the announcement of the rate for February, when it was put at around 165,000 percent.