'Hyperinflation returns to Zim'

HARARE - Hard-pressed Zimbabwean consumers are in the throes of skyrocketing grocery bills that are likely to deprive them of the joys of Christmas, with unofficial inflation figures showing that food prices have gone up by between 20 to 100 percent in the past month, the Daily News can report.

The price spikes are wreaking havoc in the labour markets by eroding incomes at a time when employers, who are equally struggling, could hardly afford pay rises that can keep up with the rising breadline.

A survey by the Daily News revealed that prices of most basic products are creeping towards two-digit figures, dealing a body blow to consumers.

Prices of basic goods such as mealie-meal, meat, soap, toiletries, rice, sugar and vegetables are shooting up due to a worsening currency crisis worsened by critical foreign currency shortages.

Read full story in today's paper.

Comments (1)

Although we are not happy because our families are suffering and on the receiving end...but on the other hand, we are happy because this will force the Robbers and Muggers out of government soon and soon and very soon. When the masses feel the pinch, then they will vote for the opposition to defeat the ZANU PF government which is full of deadwood.....Imagine Chombo being a Minister of Finance......its a shame indeed. In other countries, Ministers and Secretaries are appointed basing on their qualifications and on merit. In fact, they are recruited from the industries. You always copy and are in good relations with Chinese but alas, their government is full of qualified ministers running the affairs of their portfolios but for the Robbers and Muggers, its done according to the politics of the patronage......hence we have chaos in Zimbabwe. The Robbers and Muggers can claim to be educated with several degrees but the masses don't eat his English Language which has expired anyway.......Look even at ZUMA's cabinet....he can be corrupt but he tries to recruit qualified ministers......In actual fact, Bob has failed and failed dismally. 2018 will be a shameful year for you.

Clemence Tashaya - 1 November 2017

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