Zimbabwe’s year on year inflation rate for the month of February stood at 0.06 percent, after gaining 0.71 percentage points on the January 2017 rate of -0.65 percent, the statistics agency reported yesterday.
It marks the first time since February 2014 that Zimbabwe has been out of deflation, as consumer prices continue to rise.
Inflation is expected to average 1.1 percent this year.
Month-on-month the inflation rate in February 2017 was 0.61 percent gaining 0.38 percentage points on the January 2017 rate of 0.23 percent, Zimstat said.- The Source
(47 VIEWS)
This post was last modified on March 16, 2017 6:55 am
The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…
Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…
Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…
