Zimbabwe inflation rises to 3 percent


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Zimbabwe’s consumer price index increased by 0.73 percent to 2.94 percent in November, the national statistics agency reported yesterday.

Month on month inflation stood at 0.74 percent shedding 0.80 percent from 1.54 in October, Zimstats said.

President Emmerson Mnangagwa yesterday appealed to retailers and service providers to desist from wantonly increasing prices.

“I urge us to stop profiteering tendencies; let us have the people at heart; let us give our new economic era a chance. We can achieve this by working together and putting our nation first,” he said.

Some retailers and service providers have adopted a three and sometimes four-tier pricing system with different prices depending on whether you are paying by mobile money, swiping, paying in bond notes and paying in US dollars.

 

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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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