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Computer Problems Delay Zimbabwe's Inflation Report

posted 552 weeks ago on CrossingWallStreet.com

Experts believe inflation jumped from 8,000% in September to 15,000% in October. Zimbabwe's Central Statistical Office (CSO) was due to issue the figures last week. CSO acting director Moffat Nyoni, however, told Reuters on Monday they were not ready because commodity shortages had affected the collection and calculation process. "I am afraid the figures are not yet ready, and they may not be available for a while," Nyoni said. "We have some problems - a computing problem - in that we have to find a formula of measuring prices of goods, some of which are not available on the (formal) market and which are in short supply in the economy," he said.

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