The rate of inflation in Zimbabwe jumped to just over 11,250,000% in June 2008, official figures show

"It gained 9,035,045.5 percentage points from the May rate of 2,233,713.4%," said state media quoting the Central Statistical Office (CSO). However, experts believe the actual rate of inflation may be much higher. Zimbabwe is in the midst of a dire economic crisis with unemployment at almost 80%, most manufacturing at a halt and basic foods in short supply. High money supplies have also been fuelling hyperinflation. Critics have accused President Robert Mugabe's government of printing money to finance his election campaign and prop up the economy. Month-on-month inflation in the country accelerated to 839.3% from 433.4%. "Our inflation figures are way above that, but what it tells us is that the productive base of the economy has really shrunk," said one unnamed economist at a domestic bank. "We really need to change the way we do business," he added. Zimbabwe, once one of the richest countries in Africa, has descended into economic chaos largely blamed on the policies of President Mugabe.