HARARE, Zimbabwe, Feb. 22 (UPI) -- Inflation in Zimbabwe increased to a record 12-month rate of more than 110,000 percent in January, it was reported Friday.
From January 2007 to January 2008 prices for all items listed in the country's Consumer Price Index rose 110,580.2 percent, the Zimbabwe Independent reported. Food prices escalated 105,580.2 percent. Non-food items rose 97,885.7 percent, the paper reported.
In January Zimbabwe's Central Statistical Office reported that inflation slowed in January to 120.8 percent, from a 240.1 percent rate in December.
As prices soar, the paper said, the Zimbabwe dollar continues fall, standing last week at 6.5 million against the U.S. dollar, but hitting 11 million against the U.S. dollar Thursday.
