Zimbabwe saw prices rise again last month. April inflation reached 0.6 percent after prices fell slightly in March. The first yearly inflation since the ZiG currency started was measured at 85.7 percent. The consumer price index moved up to 185.68 from 184.50 in March. These numbers came from the Zimbabwe National Statistics Agency.
US dollar inflation stayed low at 0.2 percent for April. Food costs in ZiG money went down 0.2 percent despite overall increases. The mixed inflation rate, counting both currencies, was 0.3 percent last month. The central bank expects inflation to drop to about 20 percent before year-end. Experts say the currency changes helped make prices clearer.
Some economists worry about weak demand despite stable prices. The government needs to spend money to help businesses grow. The central bank plans to keep tight controls on the money supply. Data collectors gathered price information between April 11-17. The outlook seems hopeful, but remains shaky as the economy adjusts to new money systems.
US dollar inflation stayed low at 0.2 percent for April. Food costs in ZiG money went down 0.2 percent despite overall increases. The mixed inflation rate, counting both currencies, was 0.3 percent last month. The central bank expects inflation to drop to about 20 percent before year-end. Experts say the currency changes helped make prices clearer.
Some economists worry about weak demand despite stable prices. The government needs to spend money to help businesses grow. The central bank plans to keep tight controls on the money supply. Data collectors gathered price information between April 11-17. The outlook seems hopeful, but remains shaky as the economy adjusts to new money systems.
