Zimbabwe inflation declines to 2.98%

Zimbabwe inflation declines to 2.98%
Published: 15 March 2018
Zimbabwe’s inflation rate for the month of February shed 0.54 percent to settle at 2.98 percent compared to the January inflation rate of 3.52 percent, official statistics show.

The Zimbabwe National Statistics Agency (Zimstat) revealed yesterday that the figures mean that prices as measured by the all items Consumer Price Index (CPI) increased by an average of 2.98 percent between February 2017 and February this year compared to 3.52 percent between January 2017 and January this year.

The year-on-year inflation rate (annual percentage change) for the month of February 2018 as measured by the all items CPI stood at 2.98 percent, shedding 0.54 percentage points.

The year-on-year food and non-alcoholic beverages inflation, prone to transitory shocks, stood at 4.35 percent while non-food inflation rate was 2.33 percent.

Zimbabwe inflation is still within the Sadc's benchmark, which averages between three and seven percent.
- online
Tags: Inflation,

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