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Zimbabwe Business Leader Says 66,000% Inflation Probably Understated

A Zimbabwean business leader said Friday that the Harare government significantly understated inflation when it gave December's 12-month rate as 66,000% this week.

Zimbabwe National Chamber of Commerce President Marah Hativagone said that the figure of 66,212% issued by the Central Statistical Office does not accurately reflect conditions on the ground - for instance the need to import most goods for sale.

Hativagone told reporter Jonga Kandemiiri of VOA's Studio 7 for Zimbabwe that the true rate of inflation over the past year is probably over 100,000%.

More reports from VOA's Studio 7 for Zimbabwe...