HomeEconomyZim annualised inflation quickens in June

Zim annualised inflation quickens in June

ZIMBABWE’S annualised inflation for June advanced 0,33 percentage points to – 1,37% as deflationary pressure eases, official statistics have shown.

The food and non-alcoholic beverages deflation rate decreased to 4,04% y-o-y in June, compared with 4,13% y-o-y the previous month. The housing, water, gas & fuels deflation rate decreased to 1,58% y-o-y in June, compared with 2,17% y-o-y the previous month. In turn, the education inflation rate increased to 17,24% y-o-y in June, up from 14,2% y-o-y in the previous month.

According to figures obtained from ZimStats, month on month the inflation rate increased 0,43 percentage points to 0,19%. This comes at a time the economy is facing serious cash shortages on declining exports and foreign direct investment.-Staff Writer

Recent Posts

Stories you will enjoy

Recommended reading

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

NewsDay Zimbabwe will use the information you provide on this form to be in touch with you and to provide updates and marketing.