Zimbabwe inflation hits record high

By Cris Chinaka

HARARE (Reuters) - Zimbabwe's annual inflation jumped to a record 3,700 percent in April in a stark sign of the economic turmoil blamed on government policies that has left four in five people jobless.

The figures showing consumer prices doubled last month are likely to step up pressure on President Robert Mugabe as he cracks down on an increasingly vocal opposition and deflects Western criticism of his government.

"This is a classic case of hyper-inflation and it shows we are going downhill and there is no visible sign that the government has the capacity to end this crisis," said consultant economist John Robertson.

The Central Statistical Office (CSO) said on Thursday consumer prices jumped 3,713.9 percent year-on-year in April from 2,200.2 percent previously. The monthly rate of increase was 100.7 percent.

Mugabe, the sole ruler since independence, blames Western sanctions for the state of Zimbabwe's economy. Critics say it has been hit by Mugabe's controversial policies such as his seizure of white-owned farms to redistribute to blacks.

The southern African nation faces food shortages this year after a deficit of the staple maize crop. Officials warned of bread shortages on Wednesday as it emerged wheat growers had so far planted only 10 percent of their targets.

SEVERE SHORTAGES, UNEMPLOYMENT

Ordinary Zimbabweans fear there is no strategy in place to tame inflation. "I think the government should do something urgently because we are suffering," said Martha Ruzive, a 46-year-old city council cleaner.