Zimbabwe inflation rises 250%

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Zimbabwe’s annual inflation has risen to more than 250% – its highest level for a year and a half.

With inflation quadrupling since February, many Zimbabweans are struggling to cope.

The authorities blame the after-effects of the coronavirus pandemic and the high global prices on fuel, grain and fertiliser.

A local shortage of American dollars to pay for imports has also contributed to the rising cost of basic goods and services.

On Monday the central bank released gold coins onto the market in an attempt to stem inflation by curbing the appetite for US dollars.

Source: BBC

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