Prices continue to fall


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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

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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