Zim inflation narrows as base effect kicks in

Zimbabwe’s inflation came in at 737,26% year-on-year in June compared to 785,55% in a climbdown which is a first in five months. This, however, does not mean that average price fell but that the level of growth was lower year on year in June when compared to May.

In a true reflection of the level of inflation, monthly inflation rose from 15,23% in May to 31,66% in June. This is the highest level of price increases recorded since September 2019, and the second-highest since 2009 when Zimbabwe introduced the multi-currency system.

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