Subscribe to industry newsletters

Advertise on Bizcommunity

Zimbabwe can't calculate inflation

Zimbabwe is so short on consumer goods, the government can't even calculate inflation, the chief statistician said on Tuesday.
Chief statistician Moffat Nyoni said goods used in calculating the average inflation basket were not available in stores across the country and so the figures, usually issued at the beginning of each month, would be delayed.

The official inflation figure was given last month as 7 982%, by far the highest in the world.

"There are too many data gaps," he told the state media.

Read the full article