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Zimbabwe inflation soars to 10-year high of 97.85% year/year in May

Credit: REUTERS/PHILIMON BULAWAYO

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.

HARARE, June 17 (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)

((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.thomsonreuters.com@reuters.net))

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