P. M. BRIEFING : Yugoslav Inflation Hits 600% in May
Authorities in Yugoslavia, grappling with fresh ethnic Albanian unrest in the southern province of Kosovo, suffered an economic blow today with official data showing that inflation hit 600% in May.
The Federal Bureau of Statistics said annual inflation rocketed by a monthly record of 111.5 percentage points to stand at 601.6%, compared with 490.1% in April. In May, 1988, inflation was 149%.
The government has predicted that inflation will reach 945% for all of 1989. But some Yugoslav and Western economists say it may soar above 1,000%.
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