Market report: Back to school spending propels inflation to 3,52pc

Source: Market report: Back to school spending propels inflation to 3,52pc – Sunday News February 18, 2018

ZIMBABWE’s annual rate of inflation gained 0,6 percentage points in December 2017 to 3,52 percent in January 2018. According to latest official data, partly driven by the 2018 back to school spending. The Zimbabwe National Statistical Agency (Zimstat) said this means prices, as measured by the all items consumer price index (CPI), increased by an average of 3.52 percent in the 12 months to January 2018.

ALL SHARE
The All Share index closed the week in the positive territory as activity continues to rise across the board. Innscor added $0,0233 to close at $0,9000; PPC gained $0,0025 to close at $0.8525 while Econet was $0.0023 higher at $0,6923. OK Zimbabwe went up by $0,0010 to $0,1660 while Afrisun inched up $0,0003 to end at $0,0365.

Only two counters lost ground as Delta dropped by $0,0073 to trade at $1,6127 and National Foods was $0,0002 lower at $5,4000.

WEEK ON WEEK CHANGES
-All Share Index slipped 1.19 points (1,32percent).

-Industrial Index eased 4.04 points (1,34percent).

-Top 10 Index came off 1.44 points (1,61percent).

-Mining Index was unchanged.

Market report: Back to school spending propels inflation to 3,52pc

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