Zimbabwe's inflation surges to 37.2 pct in October after currency devaluation

Zimbabwe's inflation surges to 37.2 pct in October after currency devaluation

HARARE, Oct. 25 (Xinhua) -- Zimbabwe's monthly inflation soared to 37.2 percent in October, marking a return to double-digit inflation after monetary authorities devalued the local currency a month ago. Read full story

Zimbabwe inflation surges after currency devaluation

A general view of the Reserve Bank of Zimbabwe (RBZ)’s head office in Harare, Zimbabwe, July 17, 2024. REUTERS/Philimon Bulawayo/ File Photo Purchase Licensing Rights, opens new tab Zimbabwe’s central bank allowed the local gold-backed currency to fall over 40% in late September, to 24.3902 to the U.S. dollar. The currency has since fallen further, to 27.6880 to the dollar as of Friday, according to the central bank’s website. Advertisement …

Zimbabwe inflation surges after currency devaluation - Zimbabwe News Now

JOHANNESBURG, South Africa – Zimbabwe’s consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after a sharp devaluation in the southern African country’s currency. Zimbabwe’s central bank allowed the local gold-backed currency to fall over 40% in late September, to 24.3902 to the U.S. dollar. The currency has since fallen further, to 27.6880 to the dollar as of Friday, according to the centr…