Zimbabwe's Inflation Increases to Triple-digit  

Zimbabwe’s triple-digit inflation is back after annual inflation doubled to almost 176% in June. <br />Consumer groups say the average family needs about 1m Zimbabwe dollars for food alone every month, as prices rise almost daily. <br />Most people are struggling to afford groceries or are skipping meals according to the NGO Action Aid. <br />The Zimbabwean government blames currency speculators for the crash of the Zimbabwe dollar – which has lost more than 90% of its value since January. <br />The government recently directed authorities to impose some duties and taxes exclusively in local currency in the hope that it would increase demand for the beleaguered Zimbabwe dollar.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>