Zimbabwe inflation almost doubles to a 10-year high

Zimbabwe faces almost 200 percent inflation in June, highest since 2008 economic crisis

Zimbabwe’s annual inflation almost doubled to a new 10-year high of 175.66 percent in June, data showed on Monday, stirring memories of years of economic chaos.

On a month-on-month basis, the consumer price index rose 39.26 percent compared to 12.54 percent in May ⁠— short of the monthly 50 percent figure that would mark the start of hyperinflation. Zimbabwe abandoned its own dollar in 2009 after runaway money-printing catapulted inflation to 500 billion percent.

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