Source:
Zimbabwe’s
inflation
slows
to
3.7
pct
in
December-Xinhua
According
to
the
ZIMSTAT,
the
downward
trend
in
inflation
in
November
and
December,
from
a
peak
of
37.2
percent
in
October,
reflects
the
prevailing
stability
of
prices
and
the
local
currency,
the
Zimbabwe
Gold
(ZiG),
after
the
central
bank
devalued
it
by
43
percent
in
September.
While
presenting
the
2025
national
budget
to
Parliament
in
November,
Finance
Minister
Mthuli
Ncube
said
he
expects
the
ZiG
month-on-month
inflation
to
remain
stable
and
average
below
3
percent
next
year,
backed
by
tight
fiscal
and
monetary
policies.
He
said
the
2025
fiscal
plan
was
built
on
single-digit
inflation
and
a
stable
exchange
rate
to
create
a
favorable
business
environment.
“Any
deviation
from
these
assumptions,
including
the
widening
of
the
premium
between
the
official
and
parallel
markets,
will
severely
impact
macroeconomic
stability,”
he
said.
Post
published
in:
Business