The Zimbabwe National Statistics Agency (ZIMSTAT), a corporate body that was established through the Census and Statistics Act of 2007, has announced that the country’s month-on-month inflation rate rose in April 2022 compared to the March monthly rate. Pindula News presents an update by ZIMSTAT:
The month-on-month inflation in April 2022 was 15.5% gaining 9.2 percentage points on the March 2022 rate of 6.3%. The year-on-year inflation rate for the month of April 2022 as measured by the all items Consumer Price Index stood at 96.4%.
The CPI for the month ending April 2022 stood at 5,507.11 compared to 4,766.10 in March 2022 and 2,803.57 in April 2021.
The Food Poverty Datum Line (FPL) for one person in April 2022 was $8,366.00. The Total Consumption Poverty Line (TCPL) for one person stood at $11,363.00 in April 2022.
The rising inflation is eroding workers’ salaries that are usually stagnant.
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