Zimbabwe's annual inflation rate reached a 7-month high of 55.3%, driven by food and utility costs.
Zimbabwe's annual inflation rate surged to a seven-month high of 55.3%, up from 47.6% in February. Finance Minister Mthuli Ncube has acknowledged the ongoing price instability and stated that monetary policymakers are preparing a statement to address the challenges. The Zimbabwe National Statistics Agency attributed the inflation increase to rising food and utility costs, including housing.
March 27, 2024
7 Articles