The mean MoM inflation rate for 2022 (January to May) was 11%, up from 4% recorded from January to December 2021. Inflation is expected to increase beyond 160% for June as prices skyrocket on the back of global pressures such as commodity price increases caused by the Ukraine-Russia war, domestic money supply growth and deteriorating market confidence in government policies.

The post Inflation inducing extreme poverty appeared first on The Zimbabwe Independent.