Zimbabwe: Inflation quickens to 59.39% in February

Zimbabwe’s inflation rose to a new ten-year high of 59.39 percent year-on-year in February from 56.9 percent in January, pushed by increases in the price of basic goods.

This is according to the country’s statistics agency, Zimstats which also disclosed that on a monthly basis, prices increased 1.67 percent in February, compared to 10.75 percent the previous month.

It would be recalled that Zimbabwe’s Central Bank Governor, John Mangudya had said on Monday that the annual inflation should fall to between 10 and 15 percent by the end of 2019.