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.

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