Zimbabwe inflation drops by 81 percentage points


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Zimbabwe inflation for March dropped by 81 percentage points from 321.59% in February to 240.55% in March clearly indicating that Zimbabwe could be on track to see its worst enemy drop to less than 10 percent by the end of the year.

This is the lowest inflation figure since August 2019 when it stood at 288.6% up from 230.4% in July.

Month-on-month inflation dropped by 1.19 percentage points from 3.45% in February to 2.26%. The central bank wants it to be below one percent by the end of the year.

The national statistics agency, Zimstat says the food poverty line for March for one person was $4 033.27 up from $3 934.21 in February.

The total consumption poverty line for one person went up from $5 187.31 to $5 312.21.

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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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