Zimbabwe’s Inflation Rate Goes Up
The Zimbabwe National Statistics Agency (ZIMSTAT) has announced that the country's inflation rate has increased from the October levels.
The Agency posted the announcement on Twitter saying;
Blended Consumer Price Index– November 2020 The month on month inflation rate in November 2020 was 2.25% gaining 0.82 percentage points on the October 2020 rate of 1.43%.
The year on year inflation rate (annual percentage change) for the month of November 2020 as measured by the all items #BCPI stood at 214.99 %.
The #BCPI for the month ending November 2020 stood at 104.67 compared to 102.37 in October 2020 and 33.23 in November 2019.Consumer Price Index– November 2020 #CPI The month on month inflation rate in November 2020 was 3.15 % shedding 1.22 percentage points on the October 2020 rate of 4.37%.
The year on year inflation rate (annual percentage change) for the month of November 2020 as measured by the all items #CPI stood at 401.66 %. The #CPI for the month ending November 2020 stood at 2, 374.24 compared to 2, 301.67 in October 2020 and 473.28 in November 2019.
The announcement is likely to reduce the festive cheer this December.
