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Zimbabwe’s Annual Inflation Rose To 47.6% In February

1 year agoFri, 01 Mar 2024 12:38:24 GMT

Zimbabwe’s Annual Inflation Rose To 47.6% In February

Zimbabwe’s February 2024 year-on-year inflation as measured by the all-items Consumer Price Index (CPI), rose to 47.6%, the Zimbabwe National Statistics Agency (ZIMSTAT) reported on Thursday.

As reported by NewZimbabwe.com, the latest increase is the fourth in a row since the statistics agency changed its price measure on 28 September to better reflect the use of US dollars in the economy.

The greenback now dominates domestic transactions, with about 80% of all transactions in the country in US dollars.

In contrast, the month-on-month inflation rate fell to 5.4% in February 2024, shedding 1.2% on the January 2024 rate of 6.6%.

This means that prices increased by an average of 5.4% between January 2024 and February 2024.

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This comes after manufacturers continue to increase prices which they blame on the introduction of new taxes and rising costs of electricity.

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7 Comments

XXX · 1 year ago

kutongakwaro Gamba "tichingotonga 7x7"

Ian Smith · 1 year ago

Kutonga nekutungamirira zwatosiyana.Unotonga vanhu vasingakudi but kana uchitungamirira vanhu vano Kuda.In English we would say the country is being raped.

Ian Smith · 1 year ago

VaBomba .Uumm,44 years is too much.The amount of damage is insurmountable .You will need a budget that is more than that of the United States. I went back to place that I last visited in late 60s when I was in grade 2 and I was surprised that the road that was once used by buses was no longer there but reduced to gullies and dongas. it's frightening.

Ian smith · 1 year ago

Chamisa realised the country is irredeemable so he decided to quit politics which is a good move.He will not be able to get it back to its former glory because as it's Zimbabwe Ruins, it is ruined. It will never recover even if a Martian becomes it's president.We haven been taken back a 100 years..

VaBhomba · 1 year ago

😊 With God all things are possible. Ingawani ma dessert eku Middle East ana UAE and Qatar are doing well but they used to be poor. Its all about who is in charge. Zimbabwe needs a leadership that knows what it's doing for the better

and · 1 year ago

👆 like apo panzi madesert countries are doing it well.ko isu tine ivhu reagric.vast minerals.water.inhamo chete.load shedding.poverty

Yoyoyo · 1 year ago

😁😁 Hanzi we are pushing the second republic to greater heights. 2030 I hope Chamisa will be president coz ED is just terrible. Chamisa anotochema paano pfekedzwa the medals of commander in chief of the defence forces