Zimbabwe inflation now lowest in three years


0

Zimbabwe’s inflation dropped to 1.87 percent year-on-year in June, the lowest in three years, as the country heads for general elections that will usher a new administration following four years of a government of national unity, according to figures released today.

The country had negative inflation during the first year of the inclusive government after dollarisation stabilised the economy which had been in free-fall for almost a decade.

Zimbabwe now has one of the lowest inflation rates not only in Africa but across the globe.

The rate of inflation dropped from 2.2 percent in May.

After the formation of the inclusive government inflation peaked at 6.1 percent in May 2010 and has been on the decline since October last year when it stood at 3.38 percent. It only rose in February to 2.98 percent before resuming its steady decline.

(25 VIEWS)

Don't be shellfish... Please SHAREShare on google
Google
Share on twitter
Twitter
Share on facebook
Facebook
Share on linkedin
Linkedin
Share on email
Email
Share on print
Print

Like it? Share with your friends!

0
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.

0 Comments

Your email address will not be published.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