Zimbabwe inflation rises to 285% in August but monthly inflation drops by more than half


0

Zimbabwe’s annual inflation which Finance Minister Mthuli Ncube said will continue to rise until September, went up from 257% in July to 285% this month but month-on-month inflation shed 13.2percentage points to end at 12.4%, down from 25.6% in July.

Zimbabwe introduced gold coins on 25 July and hiked interest rates to 200% to curb inflation. It also froze all government payments to suppliers pending a value for money audit.

The poverty datum line for one person rose from $23 479 in July to $26 623 in August.

(97 VIEWS)

Don't be shellfish... Please SHARETweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Email this to someone
email
Print this page
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Your email address will not be published.