Zimbabwe’s inflation accelerates to 230.41 percent in July

Zimbabwe’s inflation accelerates to 230.41 percent in July 1

HARARE – Zimbabwe’s month-on-month inflation rate fell to 21.04 percent in July compared to 32.96 percent the previous month as prices of basic goods increased at a slower pace, statistical agency ZIMSTAT said on Wednesday. Finance Minister Mthuli Ncube on August 1 suspended the publication of year-on-year inflation figures until February 2020 because adoption of a new currency had impacted the base for calculating the consumer price index. Online financial media service platform Equity Access said it had obtained suppressed ZIMSTAT “implied” year-on-year inflation rate, which stood at 230.41 percent…

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