Annual inflation reached 131.7% this May in Zimbabwe, South African Broadcasting Corporation reported, citing data from the National Statistical Agency of Zimbabwe.
For the first time in the past ten months, annual inflation in Zimbabwe has gone beyond 100%, the agency said in a report. In April, annual inflation was at the level of 96.4%, TASS reports.
On a monthly basis, inflation is 8.7% this month.
The Zimbabwean government has already blamed the rise in inflation on saboteurs who, by their actions, contribute to the depreciation of the national currency, the radio station notes. Now in Zimbabwe there is a significant increase in food and fuel prices. Trade unions have also stepped up in the country, demanding higher wages in the face of rising costs of living.