Online Reporter
Business Reporter
Inflationary pressures were marginally higher in March as supply-side disruptions in the fuel market filtered through to broader price increases, with both the ZiG and USD Consumer Price Indices recording modestly higher annual inflation rates, data released by the Zimbabwe National Statistics Agency (ZimStat) today shows.
On an annual basis, ZiG year-on-year inflation stood at 4,4 percent in March, compared with 3,8 percent in February, while the USD year-on-year measure was 1,3 percent, up from 0,9 percent over the same period.
The ZiG month-on-month inflation rate was 0,5 percent in March, compared with 0,1 percent in February, representing a marginal gain of 0,4 percentage points. The USD-denominated measure followed a similar trajectory, at 0,5 percent, up from 0,1 percent over the same period.
Economists attribute the slight uptick to supply shocks in the fuel market, where disruptions to global supply chains and regional logistics have pushed up transport and production costs across sectors.
