Zimbabwe: June Inflation 13 000 Percent – CCZ
Zimbabwe Independent (Harare)
27 July 2007
Posted to the web 27 July 2007
THE Consumer Council of Zimbabwe (CCZ) says its recent calculations for the monthly expenditure for an urban family of six shows that inflation for the month of June was more than 13 000%. The Central Statistical Office (CSO), the official source of Consumer Price Index numbers, has not released its figures since February when it reported annual inflation at 1 729%.
Two months ago businessdigest revealed that Finance minister Samuel Mumbengegwi, had directed the CSO to stop releasing the figures. The March figures were kept under wraps until central bank governor Gideon Gono revealed them during his interim monetary policy review.
The market has come to accept 4 530% as the inflation figure for May although the [continue reading]