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Ivan Zhakata – Herald Correspondent
The Zimbabwe Gold (ZiG) has made huge strides in taming inflation in the country as the month-on-month inflation rate for June 2024 was zero percent.
Presenting the price statistics for June 2024, Zimbabwe National Statistics Agency (ZimStat) acting director-general, Mr Aluwisio Mukavhi said the zero percent inflation rate means that prices as measured by the all-items ZiG Consumer Price Index (CPI) remained constant between May and June 2024.
Mr Mukavhi said the month-on-month inflation rate is given by the percentage change in the price index of the reference month of a given year compared with the price index of the previous month.
“For the month of June 2024, the ZiG CPI for food and non-alcoholic beverages had the lowest contribution to the month-on-month change in index (inflation rate) of – 0.1 percent, followed by alcoholic beverages and tobacco with -0.02 percent,” he said.
Online Reporter