Inflation Rate Reaches 7,635% In Zimababwe

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From Staff Reports

Think inflation is through the roof in the United States? Let’s be thankful we’re not in Zimbabwe, where the world’s leading annual inflation rate rose to 7,635% in July. Two months earlier, the inflation rate was “only” 4,530%

Its astronomical inflation numbers are due to a combination of food, gas and foreign currency shortages, plus the government’s aggressive printing of money to pay debts. The country has struggled since its independence from Britain in 1980.

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