Inflation past the 2m mark in Zimbabwe

Never mind our inflation rate.

The rate in Zimbabwe is now 2,200,000 %

Quite a jump from the last official rate which was back in February then recorded at 165,000%

The main cause of this hyper inflation is the government's continued printing of money to pay civil servants,government oficials and the army.This was intensified during the recent election campaign as the regime of Robert Mugabe needed the support of the army.

The regime refutes the explanation pinning the cause on the economic sanctions imposed on the country.It has introduced a system of price controls on business but these have had a negative effect,simply being shortages of supply as business cannot pass on the rising costs of production.

Shortages = rising inflation