Zimbabwe’s inflation rates continue to grow exponentially year-on-year, as does the distrust over the government’s handling of the situation. Alum, Nathan Hayes, examines what lies ahead for the country.
Inflation in Zimbabwe has hit 176% year-on-year, up from 98% y-o-y in May. When measured on a month-on-month basis, inflation came in at 39.3% in June. Inflation of more than 50% m-o-m constitutes hyperinflation.