Categories: Zim Latest

ZimStat releases inflation figures for July, Consumer Basket Statistics

The Zimbabwe Statistical Agency (ZimStat) says the country’s annual inflation slowed to 56.37% in July from 106.6% in June.

Data just released by the Agency indicates that the Month-on-month inflation was 2.56% from June’s 3.88%.

As stated by the Agency, inflation stood at 837.53% in July 2020.

However, from this latest data with an annual inflation figure of 56.37%, it still shows that prices are still rising, and rising fast, but they are going up at a slower speed than they did this time last year.

Meanwhile, the Reserve Bank of Zimbabwe had forecast inflation at 55% in July, and 25% by year-end.

Zwnews

Share

Recent Posts

Zimbabwean Driver Locked Up in DRC After His Truck Kills 18 People in Deadly Accident

Reports from concerned drivers in the Democratic Republic of Congo (DRC) indicate that Jeremiah Kamuterera,… Read More

29th March 2024

Police Investigate Discovery of 20 Young Women Linked to Madzibaba Ishmael Cult in Harare Hideout

The Zimbabwe Republic Police (ZRP) has launched an investigation after discovering 20 young women who… Read More

29th March 2024

CAPS United Humiliated as New Boys Bikita Minerals Secure First Premiership Victory…ZPSL Results

 In an electrifying showdown at Rufaro Stadium, newly promoted side Bikita Minerals clinched their maiden… Read More

29th March 2024

No loss of value through introduction of currency stabilization measures- David Mnangagwa

The Deputy Minister of Finance and Investment Promotion David Mnangagwa has attributed the current surge… Read More

29th March 2024

Mnangagwa prematurely ends Mangudya’s tenure as RBZ governor

HARARE – President Emmerson Mnangagwa on Thursday brought forward by a month the appointment of… Read More

29th March 2024

Tragedy Strikes as Bus Plunges Off Bridge in Limpopo, Killing 45 ZCC Church Mmembers

SOUTH AFRICA: A devastating bus accident on the R518 in Limpopo's Waterberg district has led… Read More

29th March 2024