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Home Africa

Zimbabwe’s inflation spikes to 66.8%

FurtherAfrica by FurtherAfrica
April 16, 2019
in Africa, Economy, Finance, Inflation, Zimbabwe
Reading Time: 1 min read
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Zimbabwe’s annual inflation rate for March rose 7.27 percentage points to 66.8 percent according to Zimbabwe National Statistics Agency (Zimstat).

The month on month inflation rate in March was 4.38 percent increasing by 2.71 percentage points on the February rate of 1.67 percent.

The IMF forecasts Zimbabwe’s inflation to remain in double digits till the end of the year at +40%. This is against initial forecasts from the Ministry of Finance, which are targeting a drop to a single digit by October.

Source: Bulawayo24

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Tags: FeatureIMFinflationInternational Monetary Fundzimbabwezimbabwe ministry of financeZimbabwe National Statistics AgencyZimStatзимбабвеزيمبابويジンバブエ津巴布韦
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