zimbabwe inflation december 2020

Lebanon has overtaken Zimbabwe and took the second place in the ranking of the world’s highest inflation rates after Venezuela. The uptrend in the inflation in AONCR was mainly due to the higher annual rate of increment in the index of the heavily-weighted food and non-alcoholic beverages … The coronavirus (Covid-19) is exacerbating long-standing structural issues, and Zimbabwe's economy will remain weak. Month on month inflation was 2,75 percent in December 2020, gaining 0,5 percentage points from the November 2020 rate of 2,25 percent. The Reserve Bank of Zimbabwe had anticipated Zimbabwe’s monthly inflation rate will fall to 10 percent by December on account of fiscal and monetary policy reforms. zimbabwevoice_1 Send an email December 9, 2020. Mugabe’s ruling party, the Zimbabwe African National Union–Patriotic Front (ZANU–PF), blamed external forces, but the crisis was entirely of its own making. The answer is simple. Zimbabwe's economic crisis stands at its peak now with inflation above 400 percent and the Zimbabwe dollar at its weakest [Philimon Bulawayo/Reuters] By Chris Muronzi 21 Dec 2020 Zimbabwe secretary for finance George Guvamatanga says the country won’t repeat the mistake of abandoning its own currency. It had been expected to come in at around 2.8%. The bank was also satisfied with the disinflationary trend, as inflation had fallen from a peak of 837.53 percent in July last year to 194 percent last month, the monetary policy committee (MPC) of the Reserve Bank of Zimbabwe … Open Data Portal. ZIMBABWE’S inflation rate eased to 401.66% in November year-on-year from 471.25% the previous month, statistical agency Zimstats said on Tuesday. By. Q3 2020 hedge fund letters, conferences and more. However, rates remain negative, relative to annual inflation of 785.55% in May. Inflation; mixed signals for December 2020. Historical Data (%) by years. The decline in monthly food … HARARE (Reuters) – Zimbabwe expects its average annual inflation to slow to 134% in 2020, according to a finance ministry document published on Friday, more than halving the central bank’s previous forecast. HARARE (Xinhua) — Zimbabwe’s year on year inflation rate for the month of December 2020 stood at 348.59 percent, down from 401.66 percent recorded the previous month. “Similarly, the exchange rate has stabilised at around US$1: $84 throughout the quarter.” The inflation rate for consumer prices in Zimbabwe moved over the past 38 years between -2.4% and 24,411.0%. The month on month inflation rate in January 2020 was 2.23 percent shedding 14.32 percentage points on the December 2019 rate of 16.55 percent. The maximum level was 353131456 % and minimum was -15.1 %. Despite this, the ZCTU wishes you a peaceful and accident free Christmas and New Year. For 2018, an inflation rate of 10.6% was calculated. Zimbabwe: inflation over 1000%, critical payments missed, Nurses earning less than $1.00 a day… Date: 10/07/2020 Author: Martin Plaut 2 Comments Source: Cathy Buckle There have been no additions to our 10%-plus inflation table since our last round-up two months ago, and nor did any country manage to lower its inflation rate enough to be removed. We do believe at the end of the year, December, our year-on-year inflation will be between 15% and 22%, but otherwise thank you for the presentation.” Over the past few months, the Zimbabwe National Statistics Agency (Zimstat) has come under fire from experts over how it collects its inflation data. December 2020. • Annual inflation decreased from 857.53% in July 2020 to 384.59% in December 2020. • Since the introduction of the Foreign Exchange Dutch Auction System the exchange rate stabilised at ZWL80.225: US$1. It was 837%! In 2020, inflation rate for Zimbabwe was 622.8 %. May 18, 2021. michaelmccurryphd. During the observation period from 1980 to 2018, the average inflation rate was 716.6% per year. The governor of the Reserve Bank of Zimbabwe (RBZ), Dr John Panonetsa Mangudya has disputed World […] However, in October 2018, the Zimbabwe currency was re-introduced so Harare, Bulawayo, Matabeleland South, Midlands and Manicaland provinces account for 81.1 per cent of all confirmed cases in Zimbabwe. The IMF, in its last World Economic Outlook, forecast inflation in Zimbabwe to end 2020 at 495 percent and 3 percent in 2021. Food Inflation in Zimbabwe increased by 217 % in April 2021 over the same month in the previous year. The Zimbabwe National Statistics Agency (ZIMSTAT) has announced that the country’s inflation rate has increased from the October levels. Zimbabwean inflation is beginning to stabilize, even with consumer prices increasing more than 500% on an annual basis, Finance Minister Mthuli Ncube said. -. Underlying inflation measures - this spotlight looks at underlying inflation in the December 2020 quarter using alternative measurement approaches. Year on year Inflation dropped to 348% in December according to the Zimbabwe Statistical Agency. The country is grappling with its worst economic crisis in more than a decade, with runaway inflation of 659.4% year-on-year in … Since government deferred the announcement of year-on-year inflation … Zimbabwe Market Update H1 2020-100-50 0 50 100 150 200 250 300 350 Inflation Rate, Average Consumer Prices Zimbabwe Emerging market and developing economies Source: IMF, Knight Frank Research e 0 1,000 2,000 3,000 4,000 5,000 6,000 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Zimbabwe COVID-19 Cases “This trend would see the year-on-year inflation coming down to about 50 percent by December 2020 … According to Trading Economics, Zimbabwe’s inflation rate was 737.3% in June 2020, growing to 837.5% by July 2020. Meanwhile, month on month inflation increased from 3.15% to 4.22%. Zimbabwe: Inflation rate from 1985 to 2025 (compared to the previous year) Inflation rate compared to previous year 2016 -1.56 % 2015 -2.41 % 2014 -0.21 % 2013 1.63 % 9 more rows ... Inflation shield: Zimbabwe public workers get 50 percent raise Inflation has risen to 785 percent and the price of bread and sugar increased by at least 30 percent this week alone. The rate will be reviewed from time to time as dictated by prevailing market … The rate is 0.6 percentage point higher than the rate for November, 2020. Inflation has maintained a downward trend since August, following the introduction of a foreign exchange auction trading system which brought stability to the foreign exchange market. Human Capital. ZIMBABWE’S annual inflation eased to 348,59 percent in December 2020, compared with 401,66 percent in the previous month, according the Zimbabwe … The year on year inflation … The agency […] Zimbabwe’s annual inflation rate soared to almost 840 percent in July, the national statistics agency said on Saturday, adding to the country’s … A decade ago skyrocketing inflation sent the struggling economy into chaos and forced the country to adopt a stronger more … Figure 2: Zimbabwe Inflation Trends (2019 – 2020) Source: RZ, 2020 The official exchange rate was stable over the month of December, declining from ZWL81.82:1USD at the start of the month to ZWL81.79:1USD on the 31st of December 2020 (Figure 3). This means that prices as measured by the all items CPI increased by an average rate of 2.23 percent from December 2019 to January 2020. “Although inflation seems to be decelerating, the reduction in inflation is due to subdued aggregate demand as a result of a decrease in disposable incomes. Wandile Sihlobo is the Chief Economist of the Agricultural Business Chamber of South Africa (Agbiz) and the author of “Finding Common Ground: Land, Equity, and Agriculture.” He is also a Visiting Research Fellow at the Wits School of Governance, University of the Witwatersrand. EXECUTIVE SUMMARY ANNOUNCEMENT: The Department of State will release an addendum to this report in mid 2021 that expands the subsection on Women in Section 6 to include a broader range of issues related to reproductive rights. Said ZimStats: Blended Consumer Price Index December 2020 The month on month inflation rate in December 2020 was 2.75 % gaining 0.50 percentage points on the November 2020 rate of 2.25 %. Presenting the mid-year budget review, Finance Minister Mthuli Ncube said inflation was expected to fall in the second half of this year to 300% in December. Zimbabwe continued on its march back to hyperinflation in June, adding to the nation’s economic woes. This means that prices as measured by the all items Consumer Price Index (CPI) increased by an average rate of 5.43 percent … The country’s month on month inflation was 2.75 percent in December 2020 gaining 0.50 percentage points from the November 2020 rate of 2.25 percent. Poverty and unemployment are both endemic in Zimbabwe, driven by the shrinking economy and hyper-inflation. (Xinhua/Shaun Jusa) In summary. Monthly inflation for January 2020 fell to 2.23% from 16.55% in December 2019. Based upon your questions during the webinar and in the following days, I got the impression that this is an issue frequently causing you concern. But economists say inflation levels will remain elevated due to a devastating drought that hit crops this year and pressure on the exchange rate due to expected food imports. The month-on-month inflation rate in December 2020 was 4,22 % gaining 1,07 percentage points on the November 2020 rate of 3,15 %. ZIMBABWE'S monthly inflation slowed down in December, closing the year at 16,55% from 17,46% the previous month, according to data released by the national statistical agency yesterday. government of Zimbabwe abandoned the Zimbabwe dollar, and other currencies such as the US dollar and the South African Rand became widely used as legal tender. Fax +263 (292) - 274039 Until February 2020, the country will only release month-on-month numbers, Finance Minister Mthuli Ncube said in a mid … Inflation in areas outside NCR (AONCR) followed the national trend as it quickened to 3.7% in December last year from 3.3% in November 2020. By December 2020, with the onset of the second wave of the COVID-19 outbreak, the situation had exponentially worsened with a total of 14,084 cases. In January 2020, Minister of Finance, Professor Mthuli Ncube, said by the end of the year inflation would be 10%. Also, prices for other food and non-food items continue to increase. The month-on-month food and non-alcoholic beverages inflation rate stood at 6,54 % in December 2020, gaining 2,63 percentage points on the November 2020 rate of 3,91 %. The country’s month on month inflation was 2.75 percent in December 2020 gaining 0.50 percentage points from the November 2020 rate of 2.25 percent. By Dr Tapiwa Mashakada In his Mid-Term Budget review, Professor Mthuli Ncube claimed that, by Dec 2020, inflation will drop to 300 percent from its present rate of 750 percent. Data published Monthly by … The country’s month on month inflation was 2.75 percent in December 2020 gaining 0.50 percentage points from the November 2020 rate of 2.25 percent. In December 2020, Finance and Economic Development minister Mthuli Ncube projected annual inflation to drop to 136% at the end of 2021, after volatilities pushed the rate to 837% in July before … The finance minister said that with immediate … Though Zimbabwe inflation rate fluctuated substantially in recent years, it tended to increase through 2001 - 2020 period ending at 622.8 % in 2020. The inflation rate is based upon the consumer price index (CPI). “Success of stabilisation reforms is also being evidenced through significant drop in the annual inflation rate to 240,6 percent by March 2021 from 837,5 percent in July 2020. Governor Mangudya disputes World Bank Inflation Projections. Zimbabwe’s annual inflation slowed to 348.59 percent in December, from 401.66% in November, according to latest data from the Zimbabwe National Statistics Agency, Zimstat. YoY inflation dropped 101.62 percentage points; Second drop in inflation since July; Exchange rate stable at USD1: ZWL 81; Harare – The retail inflation, measured by Consumer Price Index (CPI) fell to 659.40% in the month of September 2020 shedding 101.62 percentage points as compared to 761.02% in August, the Zimbabwe National Statistics Agency (ZIMSTAT) reported on … In the update that reviews developments in 2019 and 2020 and emerging trends in 2021, World Bank country economist Marko Kwaramba said the bank predicted the inflation rate to fall to 86%. 90% of births have been attended by skilled health personnel in a health institution in participating rural districts, benefiting an estimated 975,870 women as at the end of December 2020. Zimbabwe’s annual inflation has been on a steady decline, coming down from 659,40 percent in September, to 471,25 percent in October and 401,66 percent in November. Zimbabwe’s central bank said Tuesday it expects annual inflation to further decline and reach a low of 55 percent by July 2021. Under Stabilization, the IMF and World … The month of January 2020 should be a decisive month. It cost me a little less than 8 dollars US on ebay. May 11, 2021. Zimbabwe's inflation down to 348 pct in December. File: The July inflation rate of 837.53 percent, which was announced by the Zimbabwe National Statistics Agency on Twitter, compares with 737.3 percent in June. Maji-Marefu Institute Economic Bulletin number 10 -------------------- Is Mthuli's Inflation forecast of 300% by December 2020 achievable? Zimbabwe inflation slows down to 401.66% in November. Following a contraction from 1998 to 2008, the economy recorded real growth of more than 10% per year in the period 2010-13, before falling below 3% in the period 2014-17, due to poor harvests, low diamond revenues, and decreased investment. In 2020, inflation rate for Zimbabwe was 622.8 %. Published by Aaron O'Neill , Apr 1, 2021. According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), which gives an … Zimbabwe's annual consumer price inflation fell for the fifth straight month to 348.59 percent in December 2020, reaching its lowest level since January. In the long-term, the Zimbabwe Inflation Rate MoM is projected to trend around 1.40 percent in 2022 and 1.80 percent in 2023, … “This means that prices as measured by the all items CPI (Consumer Price Index) increased by an average of … Children of school going age (5-19 years) account for 7.6 per cent of all reported cases. HARARE, Jan. 27 (Xinhua) -- Zimbabwe's annual inflation rate rose to 362.63 percent in January, up from 348.59 percent recorded last December, the Zimbabwe National Statistics Agency (Zimstat) said Wednesday. Zimbabwe’s inflation falls sharply to 2.23%. The government last year suspended publication of annual inflation data until next month, but economic analysts say the figure reached 525% in December. 18 November 2020 Andrew Payne. The policy scenario of sustained inflation decline is achievable. 2,017 Less than a minute. ZIMBABWE’S month-on-month inflation for January gained 5.43 percent gaining 1.21 percentage points on the December 2020 rate of 4.22 percent, latest figures released this morning by the Zimbabwe National Statistical Office (Zimstat) reveal. The maximum level was 353131456 % and minimum was -15.1 %. Telephone +263 (292) - 272141-5, 08677002046. We do believe at the end of the year, December, our year-on-year inflation will be between 15% and 22%, but otherwise thank you for the presentation.” Over the past few months, the Zimbabwe National Statistics Agency (Zimstat) has come under fire from experts over how it collects its inflation … The month on month inflation rate in December 2020 was 2.75 % gaining 0.50 percentage points on the November 2020 rate of 2.25 %. A note on blended inflation About a year after banning the domestic use of foreign currency the government relented after runaway inflation and constant surges in the ZWL: USD exchange rate. January 15, 2020 ZTN News 0 Comments. And why is the Minister pre-occupied with metrics every time? Covid-19: Zimbabwe raises salaries by 50% as inflation spikes. ZimStat has published the month on month inflation data for January 2020 and the year starts with a bit of a surprise as the inflation rate recorded 2.2% price growth versus the 16.55% for the previous month December 2019. Feb 17 2020, 8:08 PM Feb 18 2020, 4:36 AM February 17 2020, 8:08 PM February 18 2020, 4:36 AM (Bloomberg) -- Zimbabwe’s government gave the first glimpse of where it sees annual inflation going since suspending the publication of year-on-year data after price growth hit 176% in June. Zimbabwe’s stock market currently has 56 publicly listed companies, but just 12 of them account for about 71 percent of total market capitalization, which stood at USD 2.5 billion on April 24, 2020. Zimbabwe is constitutionally a republic. [fn] “Zimbabwe’s economy in steep contraction as inflation hits 300%”, Business Day, 26 September 2020; “Zimbabwe in ‘economic and humanitarian crisis’ as IMF sounds alarm”, CNBC, 3 March 2020; “3 years after Mugabe overthrow, many Zimbabweans lives worse”, Al Jazeera, 14 November 2020. ZIMBABWE's year-on-year inflation rate ended the year 2020 at 348,5% down from a high of more than 800% in July but analysts say it is no cause for celebration as it remains way too high. Accordingly, annual food inflation declined to 2.8 percent in December 2020 from 3.6 percent in November 2020, mainly due to lower annual contribution of fresh vegetables. Now, the country is doing this again, and this time it’s because it has ditched the US currency. Zimbabwe Data Portal (Afdb) Download Manual. A bit less than 10 years ago, my department head, Donna Hess, retired. Zimbabwe central bank governor says inflation to fall to 50% by December. Ndaka Majaka. A word about inflation. Using the Consumer Price Index (CPI) for December at 551%, annual inflation is estimated at 521 %. February 17, 2020. 01.10.2020 > 30.03.2021 Zimbabwe: Acute Food Insecurity Situation October - December 2020 and Projection for January - March 2021; 01.06.2019 > 31.12.2019 Zimbabwe: Acute Food Security Situation June - September 2019 and Projection for October - December 2019; 01.02.2019 > 31.05.2019 Zimbabwe: Acute Food Insecurity Situation February - May 2019 Is this wishful thinking? ZIMBABWE is now firmly embedded in hyperinflation as stock exchange-listed companies have begun to implement IAS 29 — a hyperinflation financial reporting standard reflecting the true financial position of companies by way of recording. Zimbabwe inflation slows down in December By People Daily Thursday, January 16th, 2020 Photo taken on Nov. 12, 2019 shows the new 2 dollar notes in Harare, Zimbabwe. Inflation South Africa 2020 (CPI) - The inflation chart and table below feature an overview of the South African inflation in 2020: CPI South Africa 2020. Zimbabwe's inflation rate eased to 401.66% in November year-on-year from 471.25% the previous month, statistical agency Zimstats said on Tuesday. Inflation round-up 22 January 2020 Andrew Payne Cost of living, Inflation. 'The month-on-month inflation rate in January 2021 was 5.43 percent, gaining 1.21 percentage points on the December 2020 rate of 4.22 percent,' the statistics agency … The month-on-month inflation between November and December 2020 … Inflation Rate Mom in Zimbabwe is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. John Mangudya said that since October month-on-month inflation has been falling and ended the year at 16.55 percent, near the bank’s target of 15 percent last month, giving rise to forecasts that it would fall to single-digit levels. On current trends, headline inflation was on course to decline further to 55% by July and 30% by December 2021. “Year-on-year inflation ended March 2021 at 240,55 percent relative to 348,58 percent in December 2020. Zimbabwe’s year on year inflation rate for the month of December 2020 stood at 348.59%, down from 401.66% recorded the previous month. Raynold Mhotseka. As such, Zimbabwe faces severe hyperinflation, which does not help with its fight against widespread poverty. Annual inflation had jumped to more than 830% by July 2020, according to the Zimbabwe National Statistics Agency, but receded to 761% the following month. Zimbabwe’s prices have been going up since 2018. An article was published on 14 January 2021 explaining the impact of COVID-19 on the December quarter CPI: Update to measuring the CPI in the December 2020 … Statutory Instrument 185 of 2020 was introduced which allowed people to use foreign currency including Rands, USD and Pula to make domestic transactions. Zimbabwe has received goods rains this year, which are expected to fire up exports and foreign currency earnings. In December 2020, Finance and Economic Development minister Mthuli Ncube projected annual inflation to drop to 136% at the end of 2021, after volatilities pushed the rate to 837% in July before declining to 348% by the end of last year. HARARE: Zimbabwe’s government says it will increase civil servants’ wages in the light of economic challenges worsened by Covid-19. The reported annual inflation rates for December 2020 of SADC Member States indicate that four Member States have recorded highest double-digit inflation rates as follows: Angola (25.5%), DRC (15.9%), Zambia (23.3%) and Zimbabwe (332.9%) whilst Mauritius registered negative inflation rate of 0.1%. “Month on month inflation rate in December 2020 was 4.22 percent, gaining 1.07 percentage points on the November 2020 rate of 3.15 percent,” the Zimbabwe National Statistics Agency revealed Monday on its official Twitter account. The year-on-year inflation rate rose to 10.4 per cent in December compared to 9.8 per cent the previous month, the Ghana Statistical Service said on Wednesday. Zimbabwe's economy depends heavily on its mining and agriculture sectors. In the course of our December webinar, we touched upon the subject of inflation. Lebanon’s Soaring Average Inflation Rate reached 84.27% for year 2020. The year-on-year inflation rate was 521% in December 2019, but Zimbabwe central bank officials said in February 2020 that they hoped to reduce the figure to 50% by the end of December 2020. National Data Archive (NADA Micro Data) ... 20 30 40 May 2021 Apr 2021 Mar 2021 Feb 2021 Jan 2021 Dec 2020 Nov 2020 Oct 2020 Sept 2020 Aug 2020 July 2020 June 2020 May 2020 Month-on-Month: Inflation Figures Months. IMPACT OF COVID-19: As of December 1, 2020, 277 deaths had been attributed to the pandemic in Zimbabwe, and the economy was forecast to contract by 10.4 percent for the year. WFP plans to double the number of Zimbabweans that it assists, up to 4.1 million, but will require over $200 million to meet needs in the first half of 2020 alone. Protests over the deepening economic crisis, particularly the shortage of essential goods, as well as sharply declining real wages amid soaring inflation, highlight the risk of wider political instability. More than 1,000,000 women receive antenatal care services through at least one visit at supported facilities. In 2020 it was 1.6%, which was more than the 1% recorded by the CPI measure. Food Inflation in Zimbabwe increased by 217 % in April 2021 over the same month in the previous year. The month on month nonfood inflation rate stood at - 2.63 percent, gaining 0.00 percentage points on the November 2020 rate of 2.63 percent. Zimbabwean inflation is beginning to stabilize, even with consumer prices increasing more than 500% on an annual basis, Finance Minister Mthuli Ncube said. Bulawayo Regional Office 93 Leopold Takawira Avenue Bulawayo. Zimbabwe’s overall, food and non-food consumer price indices: 5 January 2010 – December 2015 2. Figure 3: RZ Exchange rates (1USD: ZWL) Source: RZ 2020 The year on year inflation rate (annual percentage change) for the month of December 2020 as measured by the all items CPI stood at 348.59 percent from 401.66 percent in November. […] December 2020, gaining 2.63 percentage points on the November 2020 rate of 3.91 percent. “Success of stabilisation reforms is also being evidenced through significant drop in the annual inflation rate to 240,6 percent by March 2021 from 837,5 percent in July 2020. “Similarly, the exchange rate has stabilised at around US$1: $84 throughout the quarter.” On the strength of developments on the foreign exchange auction, blended annual inflation is forecast to gradually fall to 249 percent by December 2020 and … Zimbabwe’s inflation rate has slowed to 194.07% in April from 240.55% in February, the Zimbabwe National Statistics Agency(Zimstats) has revealed. It is forecast to fall to 249% by December 2020 and back to single-figure levels by end-2021. Since 2017, Zimbabwe has been led by President Emmerson Mnangagwa, following the overthrow of his long-serving predecessor Robert Mugabe by the military. Following a period of severe hyper-inflation more than ten years ago, the . Zimbabwe recorded consumer inflation of 362% year-on-year in December 2020, with monthly price-growth of 5.43%. On a month-on-month basis, inflation slowed to 15.13 percent from 17.64 percent during the same period, said Zimstat. Inflation in Zimbabwe rose to 10.6 percent in 2018, and is projected to jump dramatically to 577.21 percent in 2020. The Great Recession began in December of 2007 and continued through 2010. HARARE, Jan. 27 (Xinhua) -- Zimbabwe's annual inflation rate rose to 362.63 percent in January, up from 348.59 percent recorded last December, the Zimbabwe National Statistics Agency (Zimstat) said Wednesday. The year on year inflation as based on the CPI basket decreased from 401.66% to 348.59%. Cooking oil prices increased by 11.3% since December 2019 and by 2.9% between November 2020 and December 2020. HARARE, Jan. 11 (Xinhua) -- Zimbabwe's year on year inflation rate for the month of December 2020 stood at 348.59 percent, down from 401.66 percent recorded the previous month. The IMF, in its last World Economic Outlook, forecast inflation in Zimbabwe to end 2020 at 495 percent and 3 percent in 2021. Inflation was 540,16% in February 2020 when authorities resumed publishing official figures. It surged to 676,39% in March before jumping to 766% the following month. The country’s annualised inflation rate closed 2019 at 521%, defying authorities’ two-digit projection. This statistic shows the unemployment rate in Zimbabwe from 1999 to 2020. Zimbabwe’s monthly inflation slowed down in December, closing the year at 16.55 percent from 17.46 percent the previous month, according to data released by the national statistical agency on Wednesday. Data published Monthly by Reserve Bank. “The month-on-month inflation rate in January 2021 was 5.43 percent, gaining 1.21 percentage points on the December 2020 rate of 4.22%,” the statistics agency said. In 2020, the unemployment rate in Zimbabwe was at 4.99 percent. The government and the Fund have not agreed to a new arrangement, which would be aimed at helping Zimbabwe … The year-on-year blended inflation rate closed March 2021 at 122,33 percent, from 188,91 percent in December 2020. As well as hyperinflation, Zimbabwe has been hit by severe drought in parts of the country. HARARE, Nov 8 2019 (IPS) - Stung by the country’s spiralling inflation, Zimbabwe’s government workers took to the streets this week for the first ever police-sectioned march demanding improved wages. In December 2020, Finance and Economic Development minister Mthuli Ncube projected annual inflation to drop to 136% at the end of 2021, after volatilities pushed the rate to 837% in July before …

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