Zimbabwe's consumer prices fell by 2.46 percent year-on-year in November following a 3.29 percent decline in October, statistical agency Zimstats said today.
On a month-on-month basis, prices rose 0.16 percent compared with a 0.29 percent contraction in the previous month.
Finance Minister Patrick Chinamasa said last month the annual consumer price index would average -1.2 percent, blaming deflation on weak consumer demand and an influx of cheaper goods from top trading partner South Africa, whose currency has depreciated against the US dollar.- The Source
(192 VIEWS)
0 Comments