THE country’s monthly inflation rate climbed to the highest level since the authorities started measuring prices in its bullion-backed currency.
Consumer prices rose 1.4% in August, compared with a 0.1% decline a month earlier, the Zimbabwe National Statistics Agency said Monday during an online briefing.
The largest contributors to the inflation surge were food and non-alcoholic beverages, according to the agency. The southern African nation began computing inflation using its new currency, the ZiG, in May.