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Zim inflation rate over 66,000%

Zimbabwe's annualised inflation rate rose to a record 66,212.3% in December, dealing another blow to President Robert Mugabe's efforts to pull the once prosperous African nation's economy out of a deep crisis.

"The year-on-year inflation rate for the month of December 2007, as measured by the all items Consumer Price Index (CPI) stood at 66,212.3%, gaining 39,714.5 percentage points on the November rate of 26,740.8%," the Central Statistical Office (CSO) said in a statement released to banks on Thursday, 14 February 2008.

"This means that prices as measured by the all items CPI, increased by an average 66,212.3% between December 2006 and December 2007."

Read the full article here.

[15 Feb 2008 10:34]

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