Share

Zim January inflation spirals to 57%

Zimbabwe's year-on-year inflation rate for the month of January 2019 as measured by the all items Consumer Price Index (CPI) stood at 56.90%, up from 42.09% in December 2018, official figures from the Zimbabwe Statistical Agency (Zimstats) have shown.

This means that prices as measured by the all items CPI increased by an average of 56.90% between January 2018 and January 2019.

According to Zimstats, most of the price increases were in non-food items, where the month-on-month inflation stood at 12.83%, gaining 3.82 percentage points on the December 2018 rate of 9.01%.

The month-on-month inflation rate in January 2019 was 10.75%, gaining 1.72 percentage points on the December 2018 rate of 9.03%.

The year-on-year food and non-alcoholic beverages inflation, prone to transitory shocks, stood at 63.71%, while the non-food inflation rate was 53.60%.

According to Zimstats, the inflation data was collected during the period from 17 to 23 January 2019, just after the protests that rocked the country over fuel prices that increased by some150%.

This was followed by price distortions, with transport fares doubling, and in some cases tripling, before government intervened to lower prices.


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.98
-0.4%
Rand - Pound
23.99
-0.4%
Rand - Euro
20.52
-0.3%
Rand - Aus dollar
12.36
-0.1%
Rand - Yen
0.13
-0.4%
Platinum
900.15
+0.4%
Palladium
1,000.00
-0.2%
Gold
2,213.05
+0.8%
Silver
24.68
+0.2%
Brent Crude
86.09
-0.2%
Top 40
68,324
+1.0%
All Share
74,499
+0.8%
Resource 10
57,210
+2.8%
Industrial 25
103,820
+0.5%
Financial 15
16,514
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders