ZIMBABWE’S inflation rate has dropped further and stood at 321.59% year-on-year in February compared to 362.63% the previous month, national statistics agency Zimstats said on Thursday.
On a month-on-month basis, prices increased by 3.45% compared to 5.43% during the same period. This also marks a decrease by almost 2% on the month-on-month figure.
The Reserve Bank of Zimbabwe has forecast annual inflation will end the year below 10%, which economic analysts say is too optimistic. 🔺