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Zimbabwe: inflation exceeds 10,000%

Categories: Sub-Saharan Africa, Zimbabwe, Development, Economics & Business, Governance, Politics

“The Zimbabwe opposition Movement for Democratic Change’s economics spokesperson, Eddie Cross, says that judging from his own bakery business in Bulawayo the country’s inflation rate now exceeds 10 000%.
In his regular newsletter on Wednesday, he said that he was told by a supplier that flour for his bakery would now cost Z$250 000 for a 50kg bag, which cost Z$30 000 just recently,” via Sharon Dzimba. [1]