HomeBusiness

Zimbabwe's Monthly Inflation Drops To Minus 15 Percent - ZIMSTAT

7 months agoMon, 24 Jul 2023 16:16:28 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Zimbabwe's Monthly Inflation Drops To  Minus 15 Percent - ZIMSTAT

Zimbabwe’s annual inflation slowed to 101.3% in July 2023 from 175.8% in June 2023, the latest data from the Zimbabwe National Statistics Agency (ZIMSTAT) shows.

ZIMSTAT also said the month-on-month inflation for July was 89.8 percentage points lower to close in negative territory, -15.3% from 74.5% recorded in June.

ZIMSTAT measures inflation using a weighted average of items priced in Zimbabwean dollars and United States dollars.

In May 2023, ZIMSTAT said the country’s month-on-month inflation rose to 15.7% after gaining 13.3 percentage points on the April 2023 rate of 2.4%.

The year-on-year inflation rose to 86.5% in May from 75.6% in April, said ZIMSTAT.

Usanetseke neNetOne airtime.

Baya *405# utenge neEcoCash

More: Pindula News

Tags

25 Comments

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback