Zimbabwe’s inflation rate jumped to its highest level in six months as the local dollar continued its losing streak against the greenback, in one of its worst starts to the year since the currency’s reintroduction in 2019.
Annual inflation surged to 47.6% in February from 34.8% a month before, the Zimbabwe National Statistics Agency said Thursday in an online briefing. Consumer prices rose 5.4% in the month from 6.6% in January.