Inflation increased from 26.5% in December last year to 34.8% this January before spiking to 55.3% in March, according to official figures. Get the latest breaking news as it happens.

Inflation in Zimbabwe surged as a currency rout pushed up the prices of goods and services, adding to pressure on the central bank to act. Consumer prices rose an annual rate of 34.8% in January ...

Gold-Backed Digital Currency Eyed by Inflation-Ravaged Zimbabwe The move comes amid a lack of confidence in Zimbabwe’s currency after people in 2008 had their savings wiped out by hyperinflation, ...

HARARE (Reuters) - Zimbabwe will from now on measure inflation using a weighted average of items priced in Zimbabwean dollars and U.S. dollars. Previously the official rate was based only on items in ...

HARARE, Oct 4 (Reuters) - Zimbabwe's annual inflation rate could end the year between 35% and 53%, up from an earlier estimate of 25% to 35%, the central bank said in a statement shared with reporters ...

Reserve Bank of Zimbabwe Gov. John Mushayavanhu said the new currency will be called ZiG, and will be anchored on gold reserves and a basket of foreign currencies. It goes into effect on Monday.