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Zimbabwe's inflation soars 756 percent in April

Christian Fernsby ▼ | June 1, 2020
Zimbabwe's annual inflation for April stood at 765.57 percent, gaining 89.18 percentage points from the previous month, the Zimbabwe National Statistics Agency Zimstat said in a statement.
Zimbabwe street
Annual inflation   Zimbabwe street
Inflation stood at 676.39 percent in March.

Topics: Zimbabwe

Zimstat said month-on-month inflation in April was 17.64 percent, having shed 8.95 percentage points from March.

Exchange rate instability, driven by the parallel market, has been pushing up the prices of goods and services in Zimbabwe over the past months.

Zimbabwe has faced a prolonged shortage of foreign currency, which has in turn affected essential imports such as fuel and medical drugs.