Inflation in Zimbabwe surged to 355,000 percent in March as food and non-alcoholic beverage costs jumped, the Zimbabwe Independent reported, citing the Finance Ministry. The inflation rate rose from 164,900 percent in February, the Harare-based newspaper said on its web site. Zimbabwe has the world’s highest inflation rate. The southern African nation is in its 10th year of economic recession and has the fastest-shrinking peace-time economy, according to the World Bank.

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