Thursday, January 30, 2020
Prices are out of control. Wage purchasing power has plummeted due to food and fuel prices soaring. Foreign currency shortages have got even worse than before. Inflation is now over 500%.......it is now the most expensive city in Africa and the world in 2020.
Tuesday, January 21, 2020
The most expensive city in Asia-Pacific as at January 2020 is mainly so costly for Expats due to extremely high housing costs, as well as the high cost of schooling and limited space available making rentals high. However, when you exclude costs related to housing, education, medical and transport, this city falls out of the top ten city rankings for Asia Pacific...
Sunday, January 19, 2020
For decades Zimbabwe\'s policies have destroyed the economy and the livelihoods of Zimbabweans, including hyperinflation that eventually led the country to ditch its worthless sovereign currency in favour of the United States dollar. In June 2019 year the government stopped the use of US dollars in local transactions. This change was in order to prepare for a next-generation Zimbabwean dollar. The impact has been severe, with prices out of control. Wage purchasing power has plummeted due to food and fuel prices soaring. Foreign currency shortages have got even worse than before. The inflation rate (CPI) hit 480.7% in November 2019. As a result there is increasing unrest, marches and protests as people battle to survive the crisis. As at January 2020 Harare has become the most expensive city to live in due the current economic crisis.