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Zim drops inflation bomb

May 10 2006 11:53

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Harare - Zimbabwe's Central Statistical Office (CSO) on Wednesday postponed "indefinitely" the release of April inflation data, which analysts expect to show the annual rate above 1 000%.

Senior CSO officials told reporters the department had cancelled a press conference set for 10.am (0800 GMT) where the inflation figures were due to be released because CSO head Moffat Nyoni had been summoned to an urgent unscheduled meeting.

"The press conference has been postponed indefinitely. It may take place sometime today or later this week," one official said, but declined to say who Nyoni was meeting.

The CSO is a government-run institution.

Analysts say Zimbabwe's rising inflation - at 913.6% in March and the highest in the world - was adding more pressure on President Robert Mugabe's government which is struggling with a severe economic crisis.

 
 
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