‘It’s a nightmare’: Zimbabwe struggles with hyperinflation
HARARE, Zimbabwe — When going shopping, the only thing many Zimbabweans can budget for is shock.
Hyperinflation is changing prices so quickly in the southern African nation that what you see displayed on a supermarket shelf might change by the time you reach the checkout.
“It is a nightmare,” one shopper says. “I can’t plan.”
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Zimbabwe now has the world’s second highest inflation after Venezuela, according to International Monetary Fund figures.
Zimbabwe’s economy has been on a downward spiral for more than a year as hopes fade that the late Robert Mugabe’s successor, President Emmerson Mnangagwa, will deliver on his promises of prosperity.
The southern African nation went through hyperinflation a decade ago but says there is no getting used to it, and coping has become both creative and desperate.
The Associated Press