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Zimbabwe’s year-on-year inflation rate for the month of July 2013 as measured by the all items Consumer Price Index stood at 1,25 percent shedding 0,62 percentage points on the June 2013 rate of 1,87 percent, the Zimbabwe National Statistics Agency has said.This means prices as measured by the index increased by an average of 1,25 percentage points between July 2012 and July 2013.
“The year-on-year inflation rate is given by the percentage change in the index of the relevant month of the current year, compared with the index of the same month in the previous year,” said ZimStat.
“The year-on-year food and non-alcoholic beverages inflation prone to transitory shocks stood at 1,74 percent while the non-food inflation rate stood at 1 percent.”
The month-on-month inflation rate in July 2013 was -0,38 percent gaining shedding percentage points on the June’s figure of -0,13 percent.
Monthly food and beverages rate of inflation for July 2013 stood at -1,33 percent, shedding 0,81 percentage points on the June 2013 rate of -0,33 percent.
Month-on-month non-food inflation stood at -0,004 percent shedding 1,11 percentage points on the June 2013 rate of 0, 03 percent.
Online Reporter