Inflation bubble gets bigger as politicans fiddle
10.10.2008
Zimbabwe's annual inflation surged to a record 231 million percent in July up from 11.2 million percent in June, state run daily Herald reported Thursday. The ever rising cost of food has been cited as the main driver of inflation according to the Central Statistics Office (CSO) statement quoted in the Herald. "The month on month rate rose 1760,9-percentage points on the June rate of 893,3 percent to 2600,2 percent. Bread and Cereals were the main drivers," the Herald reported.