Inflation hits new high as Zimbabwe's economy implodes

Zimbabwe's inflation, already the highest in the world, hit a new record of 1,193.5% for the year to May, the government’s Central Statistical Office said today.

Massive surges of up to 11,000% in medical expenses and 5,000% in postal fees contributed to the figure, along with steep increases for transport, water and electricity, office director Moffat Nyoni told state-run radio.