Zimbabwe’s annual rate of inflation for February declined to 321.59 percent from 362.63 percent in January, the Zimbabwe National Statistics Agency said Thursday.

Monthly inflation stood at 3.45 percent, shedding 1.98 percent points from last month’s 5.43 percent.

Zimbabwe’s inflation has been on a downward trend since August last year following the introduction of a foreign exchange auction trading system that has brought stability to the foreign exchange market.

The central bank announced last week that the country is expected to continue experiencing gradual disinflation until it reaches below 10 percent by December 2021.

Central bank governor John Mangudya said the inflation path will be underpinned by a targeted month-on-month inflation rate of below three percent. Enditem

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articleEmployers urged to appreciate employees by responding to their needs
Next articleZimbabwean president inaugurates ambitious Gwayi-Shangani water pipeline
Xinhua News Agency, Xinhuanet is an important central news service-oriented website, an important information organ of the central government, and an important platform for building up China's online international communication capacity. Established on November 7, 1997, as an online news provider of the Xinhua News Agency, it was officially named Xinhuanet on March 10, 2000 and began around-the-clock news release with leading online public opinion at home and setting a good image of China abroad as its main task.


Please enter your comment!
Please enter your name here