Zimbabwe inflation at 737.26% y/y in June – Zimstat

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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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