FACTBOX - Zimbabwe's economy in freefall

Wed Apr 16, 2008 11:41pm BST
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(Reuters) - Inflation in Zimbabwe, already the world's highest, soared to 164,900 percent year-on-year in February, the Central Statistics Office (CSO) said on Wednesday.

Here are some details on Zimbabwe's inflation milestones and government efforts to control it.

INFLATION'S RISE

-- Zimbabwe's annual inflation rose above 1,000 percent in April 2006. Official statistics showed the annual inflation rate at a record 1,042.9 percent after rising 913.6 percent in March.

-- Annualised inflation stood at 3,713.9 percent in April 2007, a monthly rate of increase of 100.7 percent, according to official government data.

-- Inflation slowed in August to 6,592.8 percent from 7,634.8 in July after a price freeze was instituted, but leapt to a record 7,982.1 percent in September.

-- The December 2007 figure had risen to 66,212.3 percent, and by January 2008 it hit 100,586 percent but economic experts said the actual figure was higher.

-- April 2008, the Central Statistics Office reported that for the month of February 2008, the figure stood at 164,900.3 percent.

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