Prices continue to skyrocket
http://www.wvwnews.net/story.php?id=4262
http://www.wvwnews.net/story.php?id=4133
by Tichaona Sibanda
Most basic goods in Zimbabwe are now out of reach for many suffering http://www.wvwnews.net/story.php?id=4658 following massive price increases in the past week.
Independent financial assessment on Tuesday reported that annual inflation rose this month to 1,063,572 percent based on the price of a basket of basic foodstuffs.
As stores opened for business on Wednesday, a small pack of locally produced coffee beans cost just short of Z$1 billion. A decade ago, that sum would have bought 60 new cars.
Journalist Angus Shaw said a loaf of bread now costs http://www.wvwnews.net/story.php?id=4290 and the corn meal staple.The collapsing economy was a major concern of voters who dealt long-time leader Robert Mugabe a defeat in the March 29th elections. Economic analysts say unless the rate of inflation is slowed, annual inflation will likely reach about five million percent by October.
http://allafrica.com/stories/200805210873.html