Inflation moves into positive territory


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Zimbabwe’s year on year inflation rate for the month of February stood at 0.06 percent, after gaining 0.71 percentage points on the January 2017 rate of -0.65 percent, the statistics agency reported yesterday.

It marks the first time since February 2014 that Zimbabwe has been out of deflation, as consumer prices continue to rise. 

Inflation is expected to average 1.1 percent this year.

Month-on-month the inflation rate in February 2017 was 0.61 percent gaining 0.38 percentage points on the January 2017 rate of 0.23 percent, Zimstat said.- 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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