Economics

At More Than 500%, Zimbabwe’s Ncube Sees Inflation Stabilizing

  • Surging rate a result of currency liberalization: minister
  • Zimbabwe reintroduced its own currency, which has slumped

Mthuli Ncube, Zimbabwe's finance minister

Photographer: Waldo Swiegers/Bloomberg
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Zimbabwean inflation is beginning to stabilize, even with consumer prices increasing more than 500% on an annual basis, Finance Minister Mthuli Ncube said.