October Inflation Stands At 38.75% - Report
4 years agoSat, 16 Nov 2019 04:09:30 GMT
![October Inflation Stands At 38.75% - Report](/_next/image/?url=https%3A%2F%2Fzero.pindula.co.zw%2Fmedia%2Fnews%2Farticles%2Foctober-inflation-stands-at-3875-report_jfuTmDF.webp&w=640&q=75)
October has recorded a month on month inflation rate of 38.75% which VOA said is the highest for the last 4 months. The inflation rate shot from 17.7 in September to 37.85% in October.
The Zimstats month on month report is coming after IMF in September said Inflation had soared to almost 300% in August. Finance Minister has however said month on month inflation will drop to a single digit by the first quarter of 2020.
Zimstat will start publishing annual inflation rates in February next year after Mthuli’s directive that they stop publishing it till February 2020.