Business BriefsMarkets

Zimbabwe’s inflation slows down

Zimbabwe’s year-on-year inflation rate for the month of August eased to 761,02% from 837,53% reported in July, the Zimbabwe National Statistics Agency (ZimStat) has said.

“The year-on-year inflation rate (annual percentage change) for the month of August 2020 as measured by the all items consumer price index (CPI) stood at 761,02%.

“This means that prices as measured by the all items CPI increased by an average of 761,02% between August 2019 and August 2020,” ZimStat said.

The month-on-month inflation rate in August 2020 was 8,44%, shedding 27,09 percentage points on the July 2020 rate of 35,53 %.

Month-on-month food and non-alcoholic beverages inflation rate stood at 6,30% in August 2020, shedding 31,69 percentage points on the July 2020 rate of 37,99 %.

The month-on-month non-food inflation rate stood at 10,03%, shedding 23,73 percentage points on the July 2020 rate of 33,76 %.

Follow @ZimbabweVoice on Twitter, or like our Facebook page by clicking here for the latest breaking news in Zimbabwe. To join one of our clean WhatsApp news group, click here. If you find the group full, let us know by clicking here.

Show More

Related Articles

Back to top button

Adblock Detected

Zimbabwe Voice notices you have turned on ad blocker. Kindly turn it off to access our content, as we rely on ads revenue to keep operating.