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Zimbabwe Inflation Soars to 10-Year High of 97.85%

FILE: A man in Harare holds bondnotes issued by Reserve Bank of Zimbabwe, Oct. 15, 2018. The introduction of bond notes - a currency Zimbabwe started printing two years ago to ease the situation -- has not helped. (C.Mavhunga/VOA)

HARARE (Reuters) - Zimbabwe’s annual inflation raced to a 10-year high of 97.85% in May from 75.86% the previous month, the national statistics agency Zimstats said on Monday.

On a monthly basis, prices rose 12.54% during the same period compared with 5.52% in April, Zimstats said.

(Reporting by MacDonald Dzirutwe Editing by Andrew Heavens)

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