July 16, 2008 / 11:55 AM / 10 years ago

Zimbabwe inflation hits 2.2 million percent

HARARE (Reuters) - Zimbabwe’s annual inflation rate, already the highest in the world, has hit 2.2 million percent, central bank Governor Gideon Gono said on Wednesday.

A Zimbabwean holds a newly issued fifty million dollar note at a street traders stand in the capital Harare, April 4, 2008. REUTERS/Mike Hutchings

“Some independent economists say our inflation is 7 million percent annually but the CSO (Central Statistical Office) says it’s 2.2 million percent,” Gono said at the launch of a government program to supply basic goods.

The last official inflation figure of 164,900 percent year-on-year for February was released in April.

Reporting by Nelson Banya

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