07/24/2008 05:12 am ET Updated May 25, 2011

Zimbabwe Inflation Hits 2.2 Million Percent

Zimbabwe's inflation rate, already the world's highest, hit an astronomical 2.2 million percent Wednesday after Robert Mugabe's re-election in a one-man poll critics had said the nation could ill afford.

After months of silence on the inflation rate, central bank governor Gideon Gono let slip it was well into seven figures as he rejected suggestions by a leading economist that it was in reality many times higher.

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