April inflation up by 0.03%

April inflation up by 0.03%
Published: 16 May 2018 (264 Views)
The inflation rate increased slightly by 0,03 percentage points to 2,71% in April, the Zimbabwe National Statistic Agency (Zimstat) has said, although sceptics think inflation could be higher, as the price of fuel has been on a steady rise in the past few months.

In March 2018, Zimstat said the rate of inflation was 2,68%.

"This means that prices as measured by the all items CPI (Consumer Price Index) increased by an average of 2,71 % between April 2017 and April 2018," Zimstat said.

"The year-on-year inflation rate is given by the percentage change in the index of the relevant month of the current year compared with the index of the same month in the previous year."

Zimstat said the year-on-year food and non-alcoholic beverages inflation, which is prone to transitory shocks, was 4,94 %, while the non-food inflation rate was 1,67%.

The month on month inflation rate in April 2018 was 0,08 % gaining 0,33 percentage points on the March 2018 rate of -0,25 %.

The month-on-month inflation rate is given by the percentage change in the index of the relevant month of the current year compared with the index of the previous month in the current year.

The month-on-month food and non alcoholic beverages inflation rate stood at 0,02 % in April 2018, gaining 0,05 percentage points on the March 2018 rate of -0,03 %.

The month-on-month non-food inflation rate stood at 0,11 %, gaining 0,47 percentage points on the March 2018 rate of -0,36 %.


- newsday

Tags: Inflation, April, Up,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Norton will soon be a better town, says Mutsvangwa

by Staff reporter | 26 May 2018 | 99 Views

Zimbabwe's marimba ensemble makes history

by Staff rpeorter | 26 May 2018 | 63 Views

Chamisa to cancel command agriculture

by Staff reporter | 26 May 2018 | 87 Views

Zimbabwe courts New York fund managers

by Staff reporter | 26 May 2018 | 51 Views

'Matebeleland, Mashonaland, Manicaland names must fall'

by Staff rpeorter | 26 May 2018 | 111 Views

Low turnout at Mujuru rally

by Staff rpeorter | 26 May 2018 | 81 Views

Zanu-PF members ordered to support winning candidates

by Staff reporter | 26 May 2018 | 46 Views

Mutsvangwa brings Chinese commercial bank for Norton

by Staff reporter | 26 May 2018 | 59 Views

Hillside Primary School girl kidnapped?

by Staff reporter | 26 May 2018 | 63 Views

2018 polls: 4.8m inspect voters' roll

by Staff reporter | 26 May 2018 | 57 Views

MDC-T primary elections go smoothly?

by Staff reporter | 26 May 2018 | 58 Views

RBZ moves to end fuel crisis

by Staff reporter | 26 May 2018 | 45 Views

Mnangagwa's helper faces assassin's bullet

by Staff rpeorter | 26 May 2018 | 83 Views

Chamisa cancels primaries

by Staff reporter | 26 May 2018 | 47 Views

Another mayor loses MDC-T primary elections

by Staff reporter | 26 May 2018 | 57 Views

Disgruntled Zanu-PF supporters vow to throw spanners

by Staff rpeorter | 26 May 2018 | 51 Views

A journalist's horror encounter with Mukupe

by Blessed Mhlanga | 26 May 2018 | 57 Views

Mnangagwa in 'jobs for boys' storm

by Staff rpeorter | 26 May 2018 | 59 Views

Chamisa invades Mohadi territory

by Staff reporter | 26 May 2018 | 57 Views

MDC-T to set up appeals committee

by Staff reporter | 26 May 2018 | 52 Views

Mukupe's behaviour unacceptable

by Staff reporter | 26 May 2018 | 57 Views

Welshman Ncube fails to pay back $100,000, taken to court

by Staff reporter | 26 May 2018 | 40 Views

Suspected 'satanist' claws baby with nails

by Staff rpeorter | 26 May 2018 | 41 Views

MDC urges electorate to inspect voters' roll

by Staff reporter | 26 May 2018 | 41 Views

Zanu-PF wary of bhora musango

by Staff reporter | 26 May 2018 | 43 Views

Lucrative govt contract for Chiwenga's wife

by Staff rpeorter | 26 May 2018 | 57 Views

Mugabe laptops looter escapes jail

by Staff reporter | 26 May 2018 | 36 Views

Soldier jailed 7 years

by Staff reporter | 26 May 2018 | 23 Views

'Mnangangwa feels no moral obligation to solve Gukurahundi'

by Staff rpeorter | 26 May 2018 | 46 Views

Mukupe up for violence, theft

by Staff rpeorter | 26 May 2018 | 56 Views

'Chamisa, Mnangagwa difference is only their age'

by Staff rpeorter | 26 May 2018 | 46 Views

Mukupe apologises to Tendai Biti

by Staff reporter | 26 May 2018 | 53 Views

Zimbabwe Elections 2018: An unfolding novelty

by Southern Times | 25 May 2018 | 199 Views

Warmonger's 'shoot-to-kill' policy revoked

by Southern Times | 25 May 2018 | 189 Views

Jonathan Moyo, Manheru rivalry

by Staff reporter | 25 May 2018 | 211 Views