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*Zimbabwe's Annual Inflation Rate Falls* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?qm Zimbabwe’s annual inflation rate dropped to 87.6 percent in March from 92.3 percent in February. According to data released by the Zimbabwe National Statistics Agency (ZIMSTAT) on Monday, there was a marginal increase in the month-on-month inflation rate. ZIMSTAT said: ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- > The year-on-year inflation rate for the month of March 2023 as measured by the All-Items Consumer Price Index (CPI) was 87.6 percent this means that prices, as measured by the Consumer Price Index, increased by an average of 87.6 percent between March 2022 and March 2023. The month-on-month inflation rate in March 2023 was 0.1 percent gaining 1.7 percentage points on the February rate of minus 1.6 percent. ZIMSTAT said the key drivers were social services and elements such as health and education. ZIMSTAT is now measuring inflation using a weighted average of items priced in Zimbabwean dollars and United States dollars. Before the new “blended rate”, inflation was being measured using the local currency only. A fall in inflation does not mean prices are decreasing. Rather, it reflects the slow pace of price increases. More: Pindula News _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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