Bread Price Skyrockets as Zimbabwe's Economic Woes Mount

This comes after the bread price had been continuously going up since 2018 due to a shortage of wheat and foreign currency. Zimbabweans can barely keep pace with the price increases that have rekindled fears of hyperinflation which reached 500 billion percent a decade ago and forced the southern African country to trash its own currency. In February, faced with acute shortages of U.S. dollars, Zimbabwe introduced a new currency which has been losing value ever since, forcing companies to increase prices.

Photo: Capital FM

...

InFocus

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.