Advertisements
Home » Treasury defends blended CPI

Treasury defends blended CPI

0 comments

FINANCE minister Mthuli has conceded that Zimbabwe’s adoption of a blended consumer price index (CPI) has created accounting difficulties, but insists that it is the most appropriate benchmark.
It comes as business has also warned that the country’s change from a ZWL CPI threatens to damage confidence in the domestic currency and contradicts Harare’s professed commitment to de-dollarisation.

Advertisements

“On the issue of financial reporting, yes, we are aware of the exchange rate disparities, but we have made it clear that in terms of inflation accounting, we are really using the weighted average inflation, which is weighted by the level of transaction in US dollars versus Zimbabwe dollars,” Ncube told The Financial Gazette in a recent interview.

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.
Advertisements

Related Posts

Leave a Comment

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More