Hyperinflation! Starving Billionaires In Zimbabwe

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Zimbabwe is one country facing the worst hyperinflation of all times. As we all know when inflation hits the country, citizens suffer the high cost of living. The price of products goes high citizens are just but surviving. The call themselves starving billionaires since money is not helping anymore

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In February, the cost of bread in Zimbabwe increased to $2.00 which is equivalent to Ksh. 200. In Kenya, this amount would actually buy you Four 500 g loaves of bread. Later it was reduced to $1.98 which did not make much diffrence.

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One month down the line, Zimbabwe citizens have woken up to bad news that the cost of fuel is going up. Another burden for them!

The Zimbabwe Energy Regulatory Authority (ZERA) announced new fuel prices with effect from 08 April 2019.

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In a statement released on April 1, ZERA said:

The Zimbabwe Energy Regulatory Authority advises that in terms of Statutory instrument 10 of 2019, the applicable FOB prices for the starting on 01 April 2019 and 08 April 2019 are summarized in the table below:

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