October Inflation Stands At 38.75% – Report

October has recorded a month on month inflation rate of 38.75% which VOA said is the highest for the last 4 months. The inflation rate shot from 17.7 in September to 37.85% in October.

The Zimstats month on month report is coming after IMF in September said Inflation had soared to almost 300% in August. Finance Minister has however said month on month inflation will drop to a single digit by the first quarter of 2020.

Zimstat will start publishing annual inflation rates in February next year after Mthuli’s directive that they stop publishing it till February 2020.

More: VOA


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