Month On Month Inflation Drops To 15.13 Per Cent

Zimbabwe’s inflation slowed to 15.13 per cent month on month in May, from 17.64 per cent in April, data from the Zimbabwe National Statistical Agency show.

Zimstat revealed the latest monthly rate, including the year-on-year inflation rate, in a Twitter post this Tuesday. It said:

The month on month inflation rate in May 2020 was 15.13% shedding 2.51 percentage points on the April rate of 17.64%.

The year on year inflation rate (annual percentage change) for the month of May as measured by all items CPI stood at 785.55%

The CPI for the month ending May 2020 stood at 1,097.65 compared to 953.36 in April 2020 and 123.95 in May 2019.

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The country resumed the publication of year-on-year inflation in February after deferring the publication of the results last August.

Finance and Economic Development Minister Mthuli Ncube said the suspension was to allow for the building of data on prices after the country reverted to a mono-currency.