Inflation Drops To 348.59%

Year on year Inflation dropped to 348% in December according to the Zimbabwe Statistical Agency. The agency shared the information on Twitter in an update that stated that the month on month inflation for December was 4.22%.

Said ZimStats:

Blended Consumer Price Index December 2020 The month on month inflation rate in December 2020 was 2.75 % gaining 0.50 percentage points on the November 2020 rate of 2.25 %.

Consumer Price Index December 2020 The month on month inflation rate in December 2020 was 4.22 % gaining 1.07 percentage points on the November 2020 rate of 3.15 %.

The year on year inflation rate (annual percentage change) for the month of December 2020 as measured by the all items CPI stood at 348.59 %. The CPI for the month ending December 2020 stood at 2, 474.51 compared to 2, 374.24 in November 2020 and 551.63 in December 2019.

This means for the month of December year on year inflation dropped from 401.66% shedding 53.07% in 31 days.

Source: Zimbabwe Statistical Agency Twitter 

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