HARARE, Zimbabwe — Zimbabwe’s finance minister says rising food prices have driven up inflation in the ailing southern African economy.
Tendai Biti said Tuesday the inflation rate has risen from 2.9 percent in June to 3.3 percent in July. He blamed local businesses for inflating prices on basic foodstuffs.
Zimbabwe has experienced food shortages and record inflation since 2000 after President Robert Mugabe, the longtime ruler, ordered farmland seizures.
Mugabe formed a shaky coalition government with former opposition Morgan Tsvangirai in 2009 after disputed elections in 2008.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Tendai Biti said Tuesday the inflation rate has risen from 2.9 percent in June to 3.3 percent in July. He blamed local businesses for inflating prices on basic foodstuffs.
Zimbabwe has experienced food shortages and record inflation since 2000 after President Robert Mugabe, the longtime ruler, ordered farmland seizures.
Mugabe formed a shaky coalition government with former opposition Morgan Tsvangirai in 2009 after disputed elections in 2008.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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