Source: Zimbabwe inflation falls to 2.23% mth/mth in January – Reuters
HARARE (Reuters) – Zimbabwe’s inflation rate fell sharply to 2.23% month on month in January, from 16.55% the previous month, driven down by smaller increases in the price of food and non-alcoholic drinks, statistics agency Zimstat said on Sunday.
The southern African nation, which is experiencing its worst economic crisis in a decade, will resume publishing year-on-year inflation data in March after suspending it last year.
COMMENTS
Not where I f***** shop it didn’t!!!
Professor Steve Hanke says Zimbabwe’s inflation as at today is 643%/yr.
Find him on Twitter by just typing into your computer Steve Hanke and up it comes – he is worthwhile following for other world economic news
Belated congratulations on your PhD Dr Ace. Was it from the world renowned Uni of Lupane?
Glad you noticed – bought it from the Washington International University – founded in 1994 and currently incorporated in the British Virgin Islands – cost less than USD 2000. That’s same place where Dr John “Bond” Mangudya got his PhD from.
Dr John “Bond” Mangudya PhD – presently Governor of Zimbabwe central bank and architect of the bond notes or surrogate currency as Comrade Robert G Mugabe also Phd dubbed them !
If I had known about the Lupane University I would have got it from there and sure I might have been able to pay in bond notes rather than real money !
I think the decimal place slipped a few notches. It is a bit like Z$1 = USD$1. Our beloved dictatorship has slippery figures.