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Zimbabwe Inflation Quickens to 56.9% in January


A woman walks past almost empty bread shelves in a shop in Harare, Tuesday, Oct, 9, 2018. As Zimbabwe plunges into its worst economic crisis in a decade, gas lines are snaking for hours, prices are spiking

HARARE (Reuters) - Zimbabwe’s inflation accelerated to a new 10-year high of 56.9 percent year-on-year in January, from 42.09 percent in December, propelled by increases in the price of basic goods and beer, the country’s statistics agency, Zimstats, said on Friday.

On a monthly basis, prices increased 10.75 percent in January, compared to 9.03 percent in December. (Reporting by MacDonald Dzirutwe Editing by Alexander Winning)

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