Zimbabwe's Month on Month Inflation on the Rise
Bulls n Bears
bulls at bullszimbabwe.com
Thu Aug 26 15:56:31 CAT 2021
<mailto:info at bulls.co.zw>
<https://www.cbz.co.zw/> Zimbabwe's Month on Month Inflation on the Rise
Harare- The month on month inflation rate in August was 4.18% gaining 1.62
percentage points on the July rate of 2.56%. The increase is not a surprise
given the depreciation of the local currency on the alternative market for
forex, a trend that has continued till now.
The year on year inflation rate (annual percentage change) for the month of
August as measured by the all items Consumer Price Index stood at 50.24%
compared to July y/y rate of 56.37%.
The gains that had been seen on the inflation front face existential threat
from aggressive move of the parallel rate which is now approaching an 80%
premium to official interbank rate.
It remains to be seen whether the SDRs release will help ease the gap.
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