Hyperinflation threatens to return to Zimbabwe
The spectre of hyperinflation is once more looming over Zimbabwe as the central bank struggles to maintain the stability of the currency in the face of food and electricity shortages.
Zimbabwe saw the rate of inflation almost double in the past month, evoking fears of hyperinflation that plagued the country a decade ago. The country’s inflation rate rose to 176% in June from 98% in May (see chart 1), according to figures published by the Reserve Bank of Zimbabwe.
The country has been suffering
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Data
Layoffs higher in US tech industry – St Louis Fed
Data shows layoffs in “information industry” were up over 65% compared with April 2022
Global liquidity driven higher by derivatives and euro lending
BIS statistics show contraction in dollar lending to emerging and developing economies
Japanese inflation hits 41-year high
Inflation now double the BoJ’s target, but officials are not convinced it will last
Inflation falls more than expected ahead of Fed meeting
Inflation expectations also drop, prompting calls for caution from the Fed
BIS data shows ‘surge’ in OTC derivatives market value
Near 50% increase in space of six months reflects “elevated uncertainty”, BIS says
Bank of Lithuania targets 2025 for data governance overhaul
Central bank moves to “hub-and-spoke” structure as it seeks to streamline reporting and analytics
Eurozone inflation reaches new record of 10.7%
Energy is main driver, but inflation is rising in all sectors, Eurostat figures show
BIS project seeks better historical statistics
Collaboration aims at better understanding of economic history