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Zimbabwe's Monthly Inflation Slows To 3.7% In December, Down From 11.7%

3 months agoSat, 28 Dec 2024 07:17:06 GMT
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Zimbabwe's Monthly Inflation Slows To 3.7% In December, Down From 11.7%

Zimbabwe’s monthly inflation slowed to 3.7 per cent in December 2024, down from 11.7 per cent recorded the previous month, according to data released by the Zimbabwe National Statistics Agency (ZIMSTAT) on Friday.

According to ZIMSTAT, inflation showed a downward trend in November and December, from a peak of 37.2 per cent in October.

This change is attributed to the stability of prices and the local currency, the Zimbabwe Gold (ZiG), following a 43 per cent devaluation by the central bank in September.

In USD, annual inflation was 2.5 per cent in December, down from 3.3 per cent in November.

Presenting the 2025 national budget to Parliament in November, Finance Minister Mthuli Ncube said he expects ZiG month-on-month inflation to remain stable and average below 3 per cent next year, supported by tight fiscal and monetary policies.

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He added that the 2025 fiscal plan is based on single-digit inflation and a stable exchange rate to foster a favourable business environment. Said Ncube:

Any deviation from these assumptions, including the widening of the premium between the official and parallel markets, will severely impact macroeconomic stability.

More: Pindula News

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23 Comments

Xx · 3 months ago
Zvekufunda kwako pano pa Pindula hazvishande .Nyaya ye inflation umwe ndopa unowona umwe achipa comment ye mjolo
Concerned · 3 months ago
Bare in mind that the Zig is hardly used because of its scarcity. The little cash available is used as change for combiz. USD is the main driver to keep lives of the already downtrodden citizens.
Concerned · 3 months ago
Any government anywhere in this world is not there to create employment for every citizen but to create an enabling environment under which any citizen can engage in any legal business and appreciate worthiness of his earnings. This can only be achieved when the currency is stable. Unlike our current situation, we are nosediving into more troublesome economical challenges. The route cause of all this is a kind of legalized corruption. We have everything that any country in this world would emulate to create a well developed country but there seems to be no light at the end of the tunnel.
ZimSketch · 3 months ago
since 2017, its all about tight fiscal policy.... when will we enjoy
@ Lincoln · 3 months ago
Kus**** kwako nekudzidza kwako........
PR · 3 months ago
If the above story is authentic why are schools in chipinge rejecting the zig, why are so many shops rejecting the zig, why are the vene not having it in their hands please do not fool us
laugh emoji1
Lincoln · 3 months ago
vamwe venyu pano hamutogoni kutsanangura chinonzi inflation chacho, regai isu takafunda economics tipe ma comments kwete zvenyu zvekuswero rotomoka. Tanga wafunga zvakadzama wozoisa comment zvinokuitira zvakanaka muhupenyu hwako pazvinhu zvese
Pombi yadonha · 3 months ago
kukwidzwa ndege yemashanga, izvi hazviitke muZimbabwe never, zvinhu zviri kungokwira every day. They thank USD be Rand ndoozviri kuita kuti zviite nani otherwise inflation iri tiiiiiiiiiii
mnangagwa · 3 months ago
tiri kushandisa maUSD
Mr Truth · 3 months ago
Fake news, why are they lying to us. Inflation is going up everyday. These guys do not stay kuGhetto kwatobva and that's why they say these things
1
YMCMB · 3 months ago
this gorvement ma vampire the drain you all your hard earnning USD while suprasing u nezvemazig zvavo zvikadhakwa.
1
we · 3 months ago
Makumbo enyoka.....
Mai Stella · 3 months ago
UNGADE URUMENDE YAKASVONAKA KUPFURA APA UNOIWANEPI
kkkkk · 3 months ago
Ana mai Stella kana muri ma**** emusangano idyai zvamunopihwq maka nyarara not kutaura zvisina basa January mafees muzvikoro muchaita sei asi busy kusapota zvinhu zvisina basa mas**** penyu mai imi
zola · 3 months ago
chero kudenga hakuna 🤮
Inini · 3 months ago
Mai Stella is the renamed Chibaby cheZanu
1
IP Address · 3 months ago
rate ye zig ipachii
kufu kafu · 3 months ago
60 hameno kwenyu
dck · 3 months ago
40
miner · 3 months ago
better
🤦🏽‍♂️ · 3 months ago
Believe that at your own peril baba
laugh emoji1

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