Mthuli Ncube Confident As Zimbabwe Inflation Reaches 31%

Data released by the Zimbabwe National Statistics Agency (ZIMSTAT) show that the country’s year on year inflation is currently at 31.01 percent.

This represents a 10.16 percent rise. In a document released on Monday, ZIMSTAT said the annual inflation rate had risen from 20.85 percent in October with the Consumer Price Index (CPI) having risen due to rising food prices.

According to ZIMSTAT,  overall month on month inflation rate declined by 7.24 percent with November at 9.20 percent compared to the October 2018 rate of 16.44 percent. Contacted for comment by ZBC News, Minister of Finance and Economic Development, Professor Mthuli Ncube said it is just a matter of time before Zimbabwe can be restored to glory days. Said Ncube:

We are confident of growth indicators and it is just a matter of time before all can be restored to glory days

More: ZBC: Mail and Telegraph 


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Zimbabwe

The Republic of Zimbabwe is a country located in the Southern Africa region. Its capital city is Harare and the country has 10 provinces. Zimbabwe is 390,580 sq km and is bordered on all sides by other countries (Zambia in the north, South Africa in... Read More About Zimbabwe

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