THE yearly inflation rate for April 2024 increased to 57,5% on the back of expectations that it will decline significantly going forward owing to the impact of the newly introduced Zimbabwe Gold (ZiG) currency.
THE yearly inflation rate for April 2024 increased to 57,5% on the back of expectations that it will decline significantly going forward owing to the impact of the newly introduced Zimbabwe Gold currency.
This means that prices as measured by the allitems CPI, increased by an average of 2,9%between March 2024 and April 2024. However, going forward the yearly and monthly inflation rate is expected to tumble significantly as the newly introduced ZiG currency is beginning to take its toll on exchange rates and price dynamics.
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