Zimbabwe's inflation surges to 37.2 pct in October after currency devaluation

HARARE, Oct. 25 (Xinhua) -- Zimbabwe's monthly inflation soared to 37.2 percent in October, marking a return to double-digit inflation after monetary authorities devalued the local currency a month ago.

Zimbabwe last recorded a double-digit monthly inflation rate of 12.4 percent in August 2022, after which monthly inflation slipped into single digits.