The Herald (Harare)

15 February 2014

Zimbabwe: Inflation Marginally Up

Inflation in January gained 0,08 percent to 0,41 percent on the December 2013 figure of 0,33 percent, reflecting pressure from housing, education and healthcare.

According to the latest data from ZimStat, year-on-year food and non-alcoholic beverages inflation remained largely subdued at a negative 2,08 percent.

This is largely due to the weakening of the South African rand and, to a lesser extent, the low aggregate demand obtaining in the economy.

The rand factor has kept a damper on inflation since last year but this time round it has been overwhelmed by inflationary pressures in the non-food basket of the consumer price index. Annual non-food inflation stood at 1,67 percent in January.

On the annual weights, health was 1,87 percent in the positive, transport at 2,76 percent, pre-primary and primary education changed 11,3 percent and rentals were at 11,3 percent.

Month-on-month inflation in January was at 0,14 percent, gaining 0,22 percentage points on the December rate of -0,08 percent.

The month-on-month food and non-alcoholic inflation stood at 0,44 percent, gaining 0,85 percent on the December rate of -0.41 percent.

Ads by Google

Copyright © 2014 The Herald. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.