‘Zim’s annual inflation now at 473 percent’

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ZIMBABWE’s year-on-year inflation rate declined to 473 percent in January from 521 percent in December last year, according to the Confederation of Zimbabwe Industries (CZI).
This comes as the Reserve Bank of Zimbabwe is forecasting year-on-year inflation to come down to around 50 percent by December 2020.
The country’s January month-on-month inflation was 2,23 percent in January compared to 16,55 percent for December 2019 according to the Zimbabwe National Statistics Agency (Zimstat).

“Zimbabwe’s implied annual inflation rate declined from 521 percent in December 2019 to an implied rate of 473 percent in January 2020. This is an implied rate after Zimstat suspended the publication of year on year inflation data for technical reasons when the economy moved from a multi-currency to a mono-currency regime. In this note you will get the following,” said CZI.