January 17, 2019 / 11:29 AM / 7 months ago

Zimbabwe's inflation soars to 42 percent Y/Y in December: Zimstats

A street vendor sells vegetables in Harare, Zimbabwe, November 28, 2017. REUTERS/Philimon Bulawayo

HARARE (Reuters) - Zimbabwe’s inflation hit a fresh 10-year high of 42.09 percent year-on-year in December, from 31.01 percent in November, driven by increases in the price of basic goods, the statistical agency Zimstats said on Thursday.

On a monthly basis, prices increased 9.01 percent during the same period compared to 9.20 percent in November.

Reporting by MacDonald Dzirutwe; Editing by Joe Brock

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