eBusiness Weekly
Kudzanai Sharara
Zimbabwe’s year on year inflation rate for the month of April 2019 as measured by the all items Consumer Price Index (CPI) stood at 75.86 percent, up from a March 2019 rate of 66.80 percent.
This means that prices as measured by the all items CPI increased by an average of 75.86 percent between April 2018 and April 2019.
The year on year Food and Non Alcoholic beverages inflation prone to transitory shocks stood at 92.52 percent whilst the Non-food inflation rate was 68.17 percent.
The month on month inflation rate in April 2019 was 5.52 percent gaining 1.14 percentage points on the March 2019 rate of 4.38 percent.
This means that prices as measured by the all items CPI increased by an average rate of 5.52 percent from March 2019 to April 2019.
The month on month Food and Non Alcoholic Beverages inflation rate stood at 7.85 percent in April 2019, gaining 2.75 percentage points on the March 2019 rate of 5.10 percent. The month on month non-food inflation rate stood at 4.45 percent, gaining 0.40 percentage points on the March 2019 rate of 4.05 percent.
The CPI for the month ending April 2019 stood at 110.14 compared to 104.38 in March 2019 and 62.63 in April 2018.
According to Zimstat data on prices was collected during the period from 11 to 17 April 2019.
“The changes in prices in this report refer to that period,” it said.
Central Bank governor Dr John Mangudya is however on record saying inflation should fall to between 10 and 15 percent by year end.
