Newsreportzim.com has learnt from X (formerly known as twitter) post that Zimbabwe’s inflation has risen again from 2588% to 2647%, even after the introduction of a new currency called the ZiG.
The introduction of the ZiG actually pushed prices up, as what you could buy with the previous local currency is now less when the same is converted to the ZiG.
According to the latest inflation figures which were released by Prof. Steve Hanke, who has been measuring Zimbabwe’s inflation rate since 2017.
Zimbabwe is now in hyperinflation, it is a state of rapid price increases.
This is happening due to misplaced economic policies, corrupt rule and grand incompetence!
Source Newsreportzim.com
