WORLD Zimbabwe inflation continues to soar


Zimbabwe inflation continues to soar


02:51, February 17, 2019


(Photo: Xinhua)

HARARE, Feb. 16 (Xinhua) -- Zimbabwe's annual rate of inflation for January 2019 rose to 56.90 percent, up from 42.09 percent in December last year, driven mainly by increases in prices of basic goods.

Statistics released by the Zimbabwe National Statistics Agency on Friday showed monthly inflation for January climbing up to 10.75 percent, up from 9.03 percent of the previous month.

The continued rise is against the background of fuel price hikes by more than 100 percent last month.

The country's inflation for 2018 closed at 42.09 percent, against an initial target of 25 percent, an indication of deteriorating economic conditions.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue