Inflation down

Zimbabwe’s inflation is reported to have declined to 0.59 percent in October, despite the liquidity crisis in the country, largely because of the weakening South African rand.

South Africa is Zimbabwe’s main trading partner accounting for 40 percent of total exports and 60 percent of total imports.

The Zimbabwe National Statistics Office says that because of the tight liquidity situation, there is an across-the-board weakness in consumer spending or low aggregate demand.

(26 VIEWS)

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *