ECONOMC INDICATORS

Annual inflation rate now 3.52%

Zimbabwe's annual rate of inflation gained 0,6 percentage points in December 2017 to 3,52 percent in January 2018, latest official data shows, partly driven by the 2018 back to school spending.The Zim...

By Staff reporter | Published: 20 March 2018

ECONOMC INDICATORS

Inflation declines, experts query data

THE year-on-year inflation rate for the month of February stood at 2,98%, after shedding 0,54 percentage points on the January figure, the country's statistical agency has said.In January, annual infl...

By Staff reporter | Published: 19 March 2018

ZIMBABWE

Forex crisis weighs on Zimbabwe economy

THE depletion of banks' nostros accounts, used to fund foreign payments, created serious settlement problems for international payments and resulted in most banks having a backlog for telegraphic tran...

By Staff reporter | Published: 15 March 2018

ECONOMC INDICATORS

Zimbabwe inflation declines to 2.98%

Zimbabwe’s inflation rate for the month of February shed 0.54 percent to settle at 2.98 percent compared to the January inflation rate of 3.52 percent, official statistics show.The Zimbabwe National...

By Staff reporter | Published: 15 March 2018

ECONOMC INDICATORS

Inflation rises to 3.52%

ZIMBABWE's year-on-year inflation gained 0.06 percentage points last month to 3.52 percent from the December 2017 rate of 3.46 percent, official statistics show.The Zimbabwe National Statistics Agency...

By Staff reporter | Published: 19 February 2018

ZIMBABWE

Zimbabwe strikes World Bank deal

Zimbabwe is on the verge of breakthrough to start receiving concessionary finding support from the World Bank for the first time in nearly two decades after the Bretton Woods institution agreed to eng...

By Staff reporter | Published: 26 January 2018

ECONOMC INDICATORS

Zimbabwe inflation hits 5-year high

ZIMBABWE'S national statistics agency this week moved to defend official inflation data following criticism that its figures seemed to understate resurgent price increases largely driven by an acute f...

By Staff reporter | Published: 18 January 2018

ECONOMC INDICATORS

Inflation stands at 3%

ZIMBABWE'S year-on year inflation rate closed 2017 at 3.46 percent gaining 0.49 percentage points on the November rate of 2.97 percent, official figures show.This means that prices as measured by the ...

By Staff reporter | Published: 17 January 2018

ZIMBABWE

Zimbabweans stash $1 billion offshore

FUNDS held by Zimbabweans in offshore banks rose to US$1 billion last year, having declined to US$300 million four years ago, following escalating political risk and uncertainty at home, Reserve Bank ...

By Staff reporter | Published: 14 December 2017

ZIMBABWE

Consumer goods prices continue to soar

Zimbabwe consumer prices are surging as basics mark their fastest rise this year, with experts blaming the rise on profiteering by retailers.The price of beef soared month-on-month to $7,50 per kg thi...

By Staff reporter | Published: 06 December 2017

ZIMBABWE

Zim trade deficit narrows to $1,56 billion

ZIMBABWE'S trade deficit narrowed by 28% to $1,56 billion in the 10 months of the year on the back of increased exports despite an uptick in imports, latest trade data from the national statistics age...

By Staff reporter | Published: 28 November 2017

ECONOMC INDICATORS

Zim inflation to reach double digit in 14 months

Zimbabwe's annual inflation gained 0.64 percent in September to 0.78 percent from 0.14 percent is projected to close the year 2018 at levels between 10 and 99 percent, the Parliament Budget Office (PB...

By Staff reporter | Published: 18 October 2017

ECONOMC INDICATORS

September inflation at 0.78%

The country's annual inflation for September stood at 0.78 percent, gaining 0.64 percent on the August 2017 rate of 0.14 percent, the Zimbabwe National Statistical Agency (ZimStats) has announced toda...

By Staff reporter | Published: 16 October 2017

ZIMBABWE

Zimbabwe-SA trade deficit shrinks by 32%

THE trade deficit between Zimbabwe and South Africa narrowed by 32% to $98 million in the first eight months of the year, after exports increased by 15%, latest trade data from the Zimbabwe Statistica...

By Staff reporter | Published: 29 September 2017

ECONOMC INDICATORS

RBZ insists inflation will close year at 3%

RESERVE Bank of Zimbabwe governor, John Mangudya, says year-on-year inflation will continue on an upward trajectory, but end the year at three percent.Price increases have intensified over the past fe...

By Staff reporter | Published: 28 September 2017

ECONOMC INDICATORS

Inflation remains unchanged

Consumer Price Index (CPI) inflation remained unchanged in August after showing an upward trajectory for six consecutive months between November 2016 and May 2017.Zimbabwe recorded price inflation of ...

By Staff reporter | Published: 18 September 2017

ZIMBABWE

MDC Alliance targets $100 billion economy

FORMER finance minister and MDC Alliance principal, Tendi Biti, says the alliance government is targeting at a $100 billion economy which will create mass employment, NewZimbabwe.com reported.Speaking...

By Staff reporter | Published: 04 September 2017

ZIMBABWE

Re-introducing Zimdollar will be economic suicide

THE adoption of bond notes as official currency would worsen the parallel market, thereby, quickening inflation, analysts have warned.Last week, government's top adviser on ease of doing business refo...

By Staff reporter | Published: 04 September 2017

ZIMBABWE

'Zim heading towards de-dollarisation'

THE central bank's decision to more than double the size of its bond-note programme to $500 million confirms the country is headed towards de jure de-dollarisation, which threatens to accelerate infla...

By Staff reporter | Published: 04 September 2017

ZIMBABWE

Zim economy rebound pie in the sky

ZIMBABWE'S economy continues to be in the doldrums despite the government claiming it is on the rebound, industry officials have said.Over the years, government officials have been talking about an ec...

By Staff reporter | Published: 03 September 2017

ECONOMC INDICATORS

Zim-SA trade deficit widen by 15%

THE trade deficit between Zimbabwe and South Africa widened by 15% to $131 million in the first seven months of the year, latest trade data from the Statistics Agency shows.Data gathered from the Zimb...

By Staff reporter | Published: 30 August 2017

ZIMBABWE

Zim trade deficit narrows to $1.2bn in 7 months

ZIMBABWE'S trade deficit narrowed by 21 percent to $1,2 billion in the first seven months of the year, latest trade data from the statistics agency shows.Figures from the Zimbabwe Statistics Agency (Z...

By Staff reporter | Published: 29 August 2017

ZIMBABWE

Gold set to make Zim economy self-sufficient

THE Reserve Bank of Zimbabwe (RBZ) says the production of about four tonnes of gold a month could help the country's economy become more self-sufficient.Speaking to guests at a fundraising dinner host...

By Staff reporter | Published: 29 August 2017

ZIMBABWE

FDI into Zimbabwe doubles in 2017

Foreign direct investment to Zimbabwe doubled in the first half of 2017 compared to the same period last year following President Mugabe's clarification of the National Indigenisation and Economic Em...

By Staff reporter | Published: 28 August 2017

ECONOMC INDICATORS

'Zimbabwe inflation decline short-lived'

ECONOMIC analysts have warned that Zimbabwe's year-on-year inflation, which slowed down to 0,14 for the month of July from 0,31 percent in June, would still trend upwards by year-end due to worsening ...

By Staff reporter | Published: 24 August 2017
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