Prices zoom out of control in Zimbabwe

The price of cooking oil has shot up by more than 20 percent, adding to the cost-push inflationary pressures triggered by the recent wave of price adjustments.

A survey showed that the standard price of  a two-litre cooking oil bottle has gone up from about $2.75 last month to between $3.50 an $4, which is an increase of over 20 percent.

Denford Mutashu, President of the CZR, confirmed the price increase saying it was a result of failure by oil processors to meet demand.