Zimbabwe delays release of inflation figures

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By Staff Reporter

ZIMBABWE'S state data agency on Wednesday postponed "indefinitely" the release of inflation figures for March, with a senior official saying they were still compiling the statistics.

The Central Statistical Office (CSO) had been expected to release the data on Wednesday. Analysts said the data was likely to show a massive rise from the 1,729.9 percent annualised inflation rate reported for February.

"We are postponing indefinitely ... we are still making further checks," CSO acting director Moffat Nyoni told Reuters.

President Robert Mugabe's government has projected that inflation will slow to between 350 and 400 percent by the end of the year, but sceptical analysts and the International Monetary Fund predict a continued rise.

The IMF sees the figure touching 4,000 percent by year-end.

The southern African country's inflation is the highest in the world and reflects a deep economic crisis marked by rocketing unemployment and chronic shortages of foreign currency, food and fuel. Reuters

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