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HARARE, Zimbabwe (AP) - Zimbabwe's annual inflation rate topped 1,000 percent for the first time, underlining the economic collapse of a country crippled by shortages.
Moffat Nyoni, director of the Government's Central Statistical Office, said that inflation for the 12 months to April 2006 was 1,042.9 percent, according to a state radio report Saturday.
A package of the cheapest candy costs 57,000 Zimbabwe dollars and a loaf of bread 100,000 Zimbabwe dollars. But the maximum denomination note is 50,000 Zimbabwe dollars, forcing shoppers to carry bags full of money for basic daily purchases.
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