Prices skyrocket as official inflation shoots up to 66,000 percent

Prices of basic goods shot up to an all time high on Wednesday as the country’s world-record hyperinflation spun further out of control. The Central Statistical Office, which has failed to release inflation figures since September last year, sent a statement to banks Wednesday confirming inflation has soared to a new high of over 66,000 percent, based on December figures. This marked a gain of over 39,000 percentage points on the November rate of over 26,000 percent.