Zim consumer price index rises to 10,75%

The Zimbabwe government hiked fuel prices sharply over the weekend, sparking protests. AFP/Jekesai NJIKIZANA

Prices as measured by all items increased by an average of 56,90% between January 2018 and January 2019.

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)

For more news your way, download The Citizen’s app for iOS and Android.




today in print