Business Briefs

Zimbabwe inflation slows down to 401.66% in November

ZIMBABWE’S inflation rate eased to 401.66% in November year-on-year from 471.25% the previous month, statistical agency Zimstats said on Tuesday.

On a monthly basis, prices increased by 3.15% compared with 4.37% previously.

Inflation has eroded savings and salaries this year, leading to strikes by public sector workers.

However, Finance and Economic Development Minister Mthuli Ncube says inflation will moderate next year on better economic growth prospects. – Reuters

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