London, Aug. 20 : Zimbabwe''s official inflation rate has soared to more than 11.2 million per cent.
The Telegraph quoted Zimbabwe’s Central Statistical Office in Harare as saying that inflation in the year to June stood at 11,268,758.9 per cent, a rise of 9,035,045.5 per cent from May.
The monthly inflation rate stood at 839.3 per cent, it added.
The paper quoted John Robertson, an independent economist based in Harare, as saying: "The 11 million per cent they are suggesting seems rather low."