Such as electrical appliances for personal care and personal grooming establishments such as hair salon services which on average became 24.07% more expensive in the period under review Which on average became 24.96% more expensive, primarily from clothing material, accessory and repair cost increases With a 25.95% price increase fuelled by pricing spikes in oils and fats, meat as well as bread and cheese
ZIMBABWE INFLATION CURRENCY COMPARE TO USD DRIVERS
Taking a closer look at the country’s composite basket of consumer goods, May’s top five inflation drivers were: Blended headline inflation slid from 40.99% to 50.53% while month-on-month figures declined from 9.63% down to 8.68% between April and May this year. Notably, the leading CPI changes are based on ZWL pricing which is inherently weakened by a regularly depreciating currency.įor comparison, ZIMSTAT’s blended inflation data factor’s in Zimbabwe’s dual currency price system. In terms of monthly changes, the local consumer price index (CPI) jumped from 15.55% to 20.97%. Coming in at 131.74%, inflation was up from the 96.34% recorded a month earlier. Unsurprisingly, the latest ZIMSTAT inflation data for May 2022 revealed a return to three-digit headline inflation last seen in June 2021.
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