Zimbabweans are in gave despair as prices of goods shoot through the sky, rising between 100 and 300 per cent, bringing back bad memories of hyper-inflation more than a decade ago.
Some Zimbabweans are even weeping, according to the chief of the Zimbabwe Congress of Trade Unions, Japhet Moyo. Moyo told the story of a man he met, who saw the price of medicine for his chronic illness rise so much in two months that it now costs almost his entire salary.
In February, the man bought a month’s supply of the drugs for $95. This month he forked out $300. His monthly salary is $320.
“I asked him how he managed to meet the rest of his monthly expenses and he broke down weeping,” Moyo said in an interview with AFP.
Across Zimbabwe, the price of bread has doubled from $1.80 to $3.50 and a tub of butter that used to cost $8.50 is now $17.
The inflation nightmare that marked the rule of long-time authoritarian…
Source: News Agency of Nigeria
