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</v:shape><![endif]--><![if !vml]><a href="https://www.cbz.co.zw/"><img border=0 width=394 height=572 src="cid:image001.jpg@01D79A92.EFDEAE90" align=left hspace=12 title="" v:shapes="Picture_x0020_1"></a><![endif]><b><span style='font-family:"Georgia",serif;background:white'>Zimbabwe's Month on Month Inflation on the Rise<o:p></o:p></span></b></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Georgia",serif;background:white'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Georgia",serif;background:white'>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.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Georgia",serif;background:white'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Georgia",serif;background:white'>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%.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Georgia",serif;background:white'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Georgia",serif;background:white'>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.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Georgia",serif;background:white'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-family:"Georgia",serif;background:white'>It remains to be seen whether the SDRs release will help ease the gap.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><o:p> </o:p></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><o:p> </o:p></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><o:p> </o:p></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><o:p> </o:p></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><o:p> </o:p></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><o:p> </o:p></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><o:p> </o:p></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><o:p> </o:p></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><i><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Invest Wisely!<o:p></o:p></span></i></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><b><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Bulls n Bears </span></b><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Telephone: <a href="tel:%2B263%2077%20344%201674" target="_blank"><span style='color:windowtext;text-decoration:none'>+263 77 344 1674</span></a> | +27 71 544 4769<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Alt. Email: <a href="mailto:info@bulls.co.zw"><span style='color:windowtext;text-decoration:none'>info@bulls.co.zw</span></a> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Website: <a href="http://www.bullszimbabwe.com"><span style='color:windowtext;text-decoration:none'>www.bullszimbabwe.com</span></a> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Blog: </span><span class=MsoHyperlink><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;color:windowtext;text-decoration:none'>www.<a href="https://bullszimbabwe.com/category/blogs/"><span style='color:windowtext;mso-fareast-language:EN-ZW;text-decoration:none'>bullszimbabwe.com/category/blogs/</span></a></span></span><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Twitter: @bullsbears2010<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>LinkedIn: Bulls n Bears Zimbabwe<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Facebook: <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimbabwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA" target="_blank"><span style='color:windowtext;text-decoration:none'>www.facebook.com/BullsBearsZimbabwe</span></a><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-size:10.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Skype: Bulls.Bears <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-size:9.0pt;line-height:115%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><img border=0 width=264 height=129 id="_x0000_i1026" src="cid:image002.png@01D79A92.EFDEAE90" alt="cid:image003.png@01D70F49.B9215E40"><o:p></o:p></span></p></td></tr></table></td></tr></table></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>