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Strategies & Market Trends : Africa and its Issues- Why Have We Ignored Africa?

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To: TimF who wrote (936)5/16/2008 2:02:32 PM
From: Stephen O  Read Replies (1) of 1267
 
Zimbabwe March Inflation Surges to 355,000%, Independent Says
2008-05-16 04:00 (New York)

By Brian Latham
May 16 (Bloomberg) -- Inflation in Zimbabwe surged to 355,000 percent in March as food and non-alcoholic beverage costs jumped, the Zimbabwe Independent reported, citing the Finance Ministry.
The inflation rate rose from 164,900 percent in February, the Harare-based newspaper said on its Web site.
Zimbabwe has the world's highest inflation rate. The southern African nation is in its 10th year of economic recession and has the fastest-shrinking peace-time economy, according to the World Bank.
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