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Zimstat: Zimbabwe Inflation at 737.26% Year on Year in June

FILE: A man takes images of goods in a shop to share before buying them in Harare. Hyperinflation is changing prices quickly in the southern African nation.

HARARE (Reuters) - Zimbabwe’s inflation was at 737.26% year-on-year in June compared to 785.55% the previous month, as prices of basic goods continue to rise beyond the reach of most citizens, Zimstat, a state statistics body, said on Tuesday.

On a month-on-month basis, inflation jumped to 31.66% from 15.23% previously. Inflation in the southern African nation is one of the highest in the world. (Reporting by MacDonald Dzirutwe)

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