ZIMSTAT: Country’s Month on Month Inflation Goes Up
A recent report by the Zimbabwe National Statistics Agency (ZIMSTAT) has indicated that the country’s month on month inflation rose from where it was in October. The statistics agency posted on its social media pages:
The month on month inflation rate in November 2020 was 2.25% gaining 0.82 percentage points on the October 2020 rate of 1.43% based on a Blended Consumer Price Index.
The year on year inflation rate (annual percentage change) for the month of November 2020 as measured by the all items #BCPI stood at 214.99 %. The #BCPI for the month ending November 2020 stood at 104.67 compared to 102.37 in October 2020 and 33.23 in November 2019.
The month on month inflation rate in November 2020 was 3.15 % shedding 1.22 percentage points on the October 2020 rate of 4.37%. This rate was based on a general Consumer Price Index.
The year on year inflation rate (annual percentage change) for the month of November 2020 as measured by the all items #CPI stood at 401.66 %. The #CPI for the month ending November 2020 stood at 2, 374.24 compared to 2, 301.67 in October 2020 and 473.28 in November 2019.
The blended CPI is used because of the dual pricing system we have in the economy where the country has USD and ZWL$ prices. The general CPI is based on the ZWL$ pricing system.
More: ZIMSTAT Twitter
