Inflation eases to -2.65pct


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Zimbabwe’s inflation eased to -2.65 percent year-on-year in April after shedding 1.45 percentage points on the March rate of -1.20 percent as deflationary pressures persist, the national statistics agency said today.

On a monthly basis, inflation shed 0.86 percentage points on the March rate of -0.03 percent to 0.89 percent, the Zimbabwe National Statistics Agency said.

Inflation’s negative trajectory is seen continuing until the end of the year and the International Monetary Fund (IMF) has projected the trend to continue in 2016.- The Source

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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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