What is the inflation rate in Zimbabwe right now?
Consumer prices rose 56.37% from a year earlier, compared with 106.6% in June, the Zimbabwe National Statistics Agency said Tuesday in an emailed statement. The last time the southern African nation’s inflation rate was not in triple digits was in May 2019.
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What are the components of the Consumer Price Index in Zimbabwe?
In Zimbabwe, the four main components of the consumer price index are: Food and Non-Alcoholic Beverages (31.3 percent of total weight); Housing and Utilities (27.6 percent); Transport (8.4 percent) and Miscellaneous Goods and Services (6.5 percent).
When did hyperinflation start and end in Zimbabwe?
Hyperinflation in Zimbabwe was a period of currency instability in Zimbabwe that, using Cagan’s definition of hyperinflation, began in February 2007. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe’s hyperinflation because the government of Zimbabwe stopped filing official inflation statistics.
What is zimstat’s price index?
It is this basket that Zimstat uses to come up with a price index – a measure of the rice level compared to that of a specific base period. In Zimstat’s current case, the base is February 2019, when Zimbabwe formally re-introduced its currency. Zimstat’s basket is made up of 495 products and services.
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