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Zimbabwe’s Inflation Increases To 0,48% in April

Zimbabwe’s Inflation Increases To 0,48% in April

The Zimbabwe Statistical Agency (ZimStat) has said that the country’s inflation has increased from 0,21% in March to 0,48% in April.

Zimbabwe’s Inflation Increases To 0,48% in April

Zimbabwe’s Inflation Increases To 0,48% in April

Zimstat said that the month on month inflation rate was up 0.02 percentage points on the March 2017 rate of 0.03 percent to 0.05 percent. Inflation in Zimbabwe is this year expected to average 1.1 percent.

The main items which registered high price surges were education, vegetables, major tools and equipment, gas, liquid fuels, accommodation and other personal effects. Due to foreign currency shortages most businesses have resorted to the black market where they pay a premium of up to 10% to get the scarce US Dollar.

Zimbabwe slipped into deflation in September 2014 when the inflation rate went below zero.

Month on month the inflation rate was up 0.02 percentage points on the March 2017 rate of 0.03 percent to 0.05 percent, Zimstat said.

Inflation in Zimbabwe this year, is  expected to average 1.1 percent.

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