Wednesday, November 28, 2007

Zimbabwe Can't Calculate Inflation Rate


Zimbabwe's chief statistician has said it is impossible to work out the country's latest inflation rate because of the lack of goods in shops...

Maize meal, bread, meat, cooking oil, sugar and other basic goods used to measure inflation largely disappeared from shops after Robert Mugabe's government ordered prices to be slashed.

Manufacturers have said they cannot afford to sell goods at below the cost of producing them.

Most basics are intermittently available on the black market at well over the official prices.

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