Inflation Rate calms down to record Low of 2.55% in January 2020

Zimbabwe’s month-on-month inflation rate fell sharply to 2.23% in January 2020, its lowest level since February last year, from 16.55% in December 2019, as prices slowed mostly for food & non-alcoholic beverages (2.55% vs 15.75% in December 2019).

Meantime, non-food inflation declined to 1.99% from 17.14% in the previous month.

The Zimbabwe National Statistical Agency (Zimstat) is set to resume the publication of year-on-year inflation figures amid warnings that inflation will continue to gallop as long as the local currency remains unstable.

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