Inflation Is Back in Zimbabwe After 2 1/2-Year Hiatus: Chart

(Bloomberg) -- Consumer prices in Zimbabwe rose on an annual basis for the first time since September 2014 last month. The 0.1 percent increase was partly due to a 1.3 percent advance in prices of food and non-alcoholic beverages, which account for a third of the basket. The southern African nation, where hyperinflation peaked at 500 billion percent at the end of 2008, abandoned its own currency and uses of a basket of foreign exchange including the South African rand, the dollar, the euro and the pound, as well as so-called bond notes printed by the government.

To contact the reporter on this story: Simbarashe Gumbo in Johannesburg at sgumbo3@bloomberg.net.

To contact the editors responsible for this story: Gordon Bell at gbell16@bloomberg.net, Ana Monteiro, Rene Vollgraaff