Zimbabwe's official rate of annual inflation has hit 2.2m%, the country's central bank said today – a 13-fold increase on the last official rate, in February.
"Statistics provided by the CSO [Zimbabwe's central statistical office] indicate that [inflation] is now at 2.2m%," the AFP news agency quoted the bank's governor, Gideon Gono, as saying in a speech in Harare.
Inflation has spiralled wildly amid an almost complete collapse of the Zimbabwean economy in recent years, which has prompted around 3 million people to flee the country for South Africa. An estimated 80% of Zimbabwe's population live in poverty, and life expectancy is 37 for men and 34 for women, the world's lowest.
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