Israeli airstrike in south Lebanon kills 3 journalists as they sleep
Hear Los Angeles district attorney say he'll recommend resentencing for Menendez brothers
Two more Los Angeles Times editorial board members resign amid turmoil over blocked Harris endorsement
How one of France's top soccer clubs ended up fighting for its very survival in the lower leagues
Kurdish militants claim responsibility for deadly attack on Turkish defense firm
AI is being used to send some households impacted by Helene and Milton $1,000 cash relief payments
TSX futures flat ahead of retail sales data
Deckers Outdoor shares dash ahead on surging demand for Hoka shoes
Kate Bush is ‘very keen’ to make a new album
She connected on Instagram with a guy who lived in another country. Then they decided to meet up
JOHANNESBURG (Reuters) - Zimbabwe's consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after a sharp devaluation in the southern African country's currency.
Zimbabwe's central bank allowed the local gold-backed currency to fall over 40% in late September, to 24.3902 to the U.S. dollar. The currency has since fallen further, to 27.6880 to the dollar as of Friday, according to the central bank's website.
In September, before the devaluation, consumer inflation was at 5.8% month on month in local currency terms.
The ZiG, which stands for Zimbabwe Gold, is Zimbabwe's sixth attempt at a stable currency in 15 years after a bout of hyperinflation under leader Robert Mugabe. It was launched in April.
(Reporting by Tannur Anders; Additional reporting by Nyasha Chingono; Editing by Alexander Winning)
