Things Are Getting Better: Mthuli Ncube Speaks On Inflation

In his weekly Herald column, Finance and Economic Development Minister Professor Mthuli Ncube said inflation rates are decreasing as a result of policies of restructuring and reforming the economy.

He said month-on-month inflation slowed down to 9,2 percent and 9,0 percent in November and December 2018, respectively, slightly increasing to 10,75 percent in January 2019. Ncube urged policy makers to focus their attention on month-on-month inflation instead of year-on-year. Said Ncube:

The policies of restructuring and reforming our economy are beginning to be felt with the month-on-month inflation expected to maintain downward trend from March 2019, a crucial marker of our economic stability and a direct result of these reforms. Things, therefore, are getting better. It is vital that economic agents, investors, consumers, and indeed policy makers focus their attention on month-on-month inflation developments rather than year-on-year.

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