Zim consumer price index rises to 10,75%

Zimbabwe’s month-on-month inflation rate for January has increased to 10,75%, gaining 1,72 percentage points from the December 2018 rate of 9,03%, according to the country’s statistics agency, Zimbabwe National Statistics Agency (ZimStat) on Friday.

“The month-on-month inflation rate in January 2019 was 10,75% gaining 1,72 percentage points on the December 2018 rate of 9,03%. The year-on-year food and non-alcoholic beverages inflation prone to transitory shocks stood at 63,71%, while the non-food inflation rate was 53,60%,” ZimStat said.

The consumer price index (CPI) for the month ending January stood at 156,6% compared to 141,36% in December 2018 and 99,79% in January 2018.

According to ZimStat, data on prices was collected during the period from January 17 to 23, 2019.

“The year-on-year inflation rate (annual percentage change) for the month of January 2019, as measured by all the items consumer price index, stood at 56,90%, while that of December 2018 rate was 42,09%,” ZimStat said.

“This means that prices as measured by all items CPI increased by an average of 56,90% between January 2018 and January 2019. The number of items in the CPI basket has also increased from 428 to 495,” according to ZimStat.

– African News Agency (ANA)

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