New Measures To Tame "Price Madness" To Be Announced Saturday

President Emmerson Mnangagwa is expected to announce measures to address the price rises in basic grocery items and services since the beginning of the year.

Addressing the Seventh National Congress of the ZANU PF Women’s League in Harare on Friday, Mnangagwa said he will announce the measures this Saturday. He said:

My Government will tomorrow (today) be announcing concrete measures to tame inflation and unwarranted increases in prices and towards securing incomes and savings of our people, particularly women.

We remain committed to ensuring sustainable delivery of social services such as water and sanitation, availing affordable and quality education, and improving access to green energy solutions, among others.

The prices of basic goods and services, including fuel, transport, electricity, and school fees, among others, have been rising since the beginning of the year.

Zimbabwe’s annual rate of inflation last month was 131.7 per cent from the April rate of 96.4 per cent.

More: The Herald