Zimbabwe inflation slows again

Zimbabwe inflation slows again
Published: 15 February 2012 (7969 Views)
Zimbabwe's inflation rate for January this year has declined to 4,3% due to stable economic conditions notwithstanding the rising costs for utility bills.

According to data released by the Zimbabwe National Statistics Agency, the year on year inflation rate for January this year as measured by the all items consumer price index stood at 4,3 %, shedding 0,6 percentage points on the December 2011 rate of 4,9%.

The agency reveals that latest inflation data means that prices increased by an average of 4,3 percentage points between January  2011 and January this year.

Government is targeting average inflation rates of 4, 5% in line with the Medium Term Plan objectives, but economic experts  warn that failure to introduce policies aimed at increasing cash inflows within the economy will hinder efforts to consolidate economic gains.

Research by the central bank shows that inflation which is a measurement of the rate at which prices are increasing might increase on the back of rising global food prices, exchange rate movements between the South African Rand and the United States dollar.

However, it is being anticipated that the projected stability in international oil prices will stabilise prices.

Although the country experienced inflationary pressures between January and December last year, Zimbabwe’s annual headline inflation of 4,9% by December 2011 was the least rate within the SADC region where other regional economies registered  annual inflation rates averaging 9%.

- zbc

Tags: Inflation,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Looting soldier shot during protests

by Mandla Ndlovu | 17 January 2019 | 284 Views

How drug offences can affect your life

by Staff Reporter | 17 January 2019 | 86 Views

Zimbabweans march to ANC headquaters over Mnangagwa

by Mandla Ndlovu | 17 January 2019 | 182 Views

Mnangagwa meets Belarus President

by Staff reporter | 17 January 2019 | 104 Views

Who used the extra 480 million litres of fuel the last six months?'

by Staff rpeorter | 17 January 2019 | 151 Views

Mnangagwa signs 8 MOUs in Belarus

by Staff reporter | 17 January 2019 | 104 Views

Govt meets transporters over fares

by Staff reporter | 17 January 2019 | 122 Views

Military in civilian life: lessons from the fall of Mugabe

by The Source News Agency | 17 January 2019 | 96 Views

'Zimbabwe potential hub for industrial development in Africa'

by Staff reporter | 17 January 2019 | 85 Views

ZRP heightens crackdown against criminals

by Staff reporter | 17 January 2019 | 85 Views

Zimbabwe counts huge costs of stay-away

by Staff reporter | 17 January 2019 | 50 Views

Zesa dismisses social media messages

by Staff rpeorter | 17 January 2019 | 85 Views

Gun-wielding soldiers assault Daily news staff

by Staff reporter | 17 January 2019 | 86 Views

Mnangagwa's re-engagement efforts with Western countries is dead

by Staff reporter | 17 January 2019 | 92 Views

Police should probe vandalism, looting

by Staff reporter | 17 January 2019 | 80 Views

Military door-to-door raids slammed

by Staff reporter | 17 January 2019 | 81 Views

Trial of 'Shut-down' protesters fast-tracked

by Staff reporter | 17 January 2019 | 72 Views

'Internet shutdown draconian'

by Staff reporter | 17 January 2019 | 73 Views

MDC Alliance's Chibaya remanded in custody

by Staff reporter | 17 January 2019 | 40 Views

How to win at slots? Top slot tips & tricks

by Staff Reporter | 17 January 2019 | 80 Views

Stay away: A manifestation of the MDC's violence DNA

by Nobleman Runyanga | 17 January 2019 | 119 Views

Kirsty Coventry has not resigned from ministry

by Mandla Ndlovu | 17 January 2019 | 117 Views

Mnangagwa and Gen Chiwenga responsible for lootings, shootings and terrorism

by Dr Nkululeko Sibanda (Presidential Spokesperson) | 17 January 2019 | 156 Views

A tale of a school teacher

by Virimayi Chidembo | 17 January 2019 | 125 Views

My encounter with the rowdy protestors

by Betty Gatsi | 17 January 2019 | 93 Views

Price of bread now $6

by Mandla Ndlovu | 17 January 2019 | 135 Views

The unleashing of army to descend on demonstrators was uncalled for

by Leonard Koni | 17 January 2019 | 86 Views

How Facebook and Whatsapp fuelled chaos and confusion in Zimbabwe

by Dr Masimba Mavaza | 17 January 2019 | 83 Views

Mnangagwa pleased with Putin meeting

by Staff reporter | 17 January 2019 | 148 Views

Mnangagwa opens consulate in Belarus

by Staff reporter | 17 January 2019 | 162 Views

MDC perpetrating violence, violating human rights

by Anesu Pedzisayi | 17 January 2019 | 161 Views

3 Religious Sites to Visit When in Israel

by Staff Reporter | 17 January 2019 | 106 Views

BREAKING: Evan Mawarire charged with treason

by Mandla Ndlovu | 17 January 2019 | 252 Views

'100 men abaducted in Matabeland during protests'

by Mandla Ndlovu | 17 January 2019 | 155 Views

Army continues terror as Bulawayo is shutdown

by Mandla Ndlovu | 17 January 2019 | 315 Views

Here's what motorists are paying for fuel around the world

by wheels24 | 17 January 2019 | 251 Views

Bond notes and their possible long-term legacy

by Staff reporter | 17 January 2019 | 179 Views