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Inflation Drops To 348.59%

3 years agoMon, 11 Jan 2021 12:55:15 GMT
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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.

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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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