Zim inflation breaches 1 000%
12/05/2006 12:32  - (SA)  

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Harare - Zimbabwe's annual inflation rate scaled a record high of 1 042.9% in April after surging 913.6% in March, the Central Statistics Office said on Friday.

March's reading was the previous record for the consumer price index (CPI). On a monthly basis, the index rose by 21.1%, quickening from 19.8% in March.

Zimbabwe's inflation rate is the highest in the world, according to the International Monetary Fund.

The news follows an abrupt delay two days ago of the data.

President Robert Mugabe's government has admitted inflation, already the highest in the world, is one of the biggest hurdles in its efforts to reverse an economic slide which is increasingly raising official fears of popular protest.

Mugabe, who has ruled the former British colony since independence in 1980, denies plunging the economy into crisis, and in turn charges that the country is a victim of sabotage by opponents of his controversial seizures of land from white farmers for blacks.

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