Zimbabwe inflation drops by 41 percentage points in February

Zimbabwe’s year-on-year inflation dropped by 41 percentage points from 362.6% in January to 321.6% in February despite complaints by the government that business were unnecessarily hiking prices.

Month-on-month inflation dropped by 1.98 percentage points from 5.43% to 3.45%.

Central bank governor John Mangudya said inflation should be below 10% by the end of the year while month-on-month inflation should be less than 3%.

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