26 June 2017
   
UZ student doctors protest 30pct fees hike
Mawarire arrested praying at UZ
Govt Auditor: Fake loans cost Zim $100m
'Betrayed' NCA rules out coalition
New Air Zim acquires Malaysia planes
Plush SA hotel refuses Mnangagwa board
We won’t boycott 2018 vote: Chamisa
New threat to grand opposition coalition
MORE NEWS
Minister Mpofu names Gono ZEZ chairman
Parastatals ignored tender procedures
MORE BUSINESS
Berita Khumalo back with new album
Danai Gurira on taking on Tupac
MORE SHOWBIZ
PSL: Dynamos edge Bulawayo City 4-3
Mushumba to remain at Highlands Parl
MORE SPORTS
We must not wait for Mugabe to die
Zim: The $100bln economy dream
MORE OPINION
 
Roadmap to free and fair elections
The Mediterranean Sea death trap
MORE COLUMNISTS
 
 
November inflation slows to 2, 99 percent
17/12/2012 00:00:00
by Roman Moyo
 
On target ... Inflation slows to 2, 99pc
 
RELATED STORIES

ZIMBABWE’s consumer inflation declined to 2, 99 percent in November, from 3, 38 percent the previous month, the statistics agency said Monday.

This means that prices as measured by the all items CPI increased by increased by an average of 2, 99 percentage points between November 2011 and November 2012.

“Year-on-year inflation, as measured by the all items Consumer Price Index (CPI) stood at 2,99 percent, shedding 0,39 percentage points on the October 2012 rate of 3,38 percent,” a statement by the Zimbabwe Statistics Agency (Zimstat) said.

The figures show that Zimbabwe is on course to meeting its target of having inflation below 5 percent by December.

The direction of inflation decline is sustainable and should continue to trend downwards.

There were fears that inflationary pressures were likely to resurface in the last quarter due to the rising utility bills, educational fees as well as rising global fuel prices.

The year-on-year inflation rate is given by the percentage change in the index of the relevant month of the current year compared with the index of the same month in the previous year.

“The year-on-year food and non-alcoholic beverages inflation prone to transitory shocks stood at 3, 85 percent whilst non-food inflation stood at 2, 61 percent,” Zimstat added.

Month-on-month inflation was at 0, 13 percent from 0, 26 percent for the same period.

This means prices as measured by the all items CPI increased at average of 0.13 percent from October 2012 to November 2012.

The month-on-month inflation rate is given by the percentage change in the index of the relevant month of the current year compared with the index of the previous month in the current year.

The monthly food and non-alcoholic beverages inflation stood at 0, 18 percent in November 2012 rate of 0, 46 percent, shedding 0,006 percent points on the October 2012 rate of 0, 17 percent.

CPI for the month ending November 2012 stood at 102, 77 compared to 102, 63 in October 2012 and 99, 78 in November 2011.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark
 
 
 
comments powered by Disqus
 
RSS NewsTicker