Zimbabwe's inflation drops in July

3 years ago
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TVC NEWS, HARARE – Zimbabwe National Statistics Agency, Zimstats says the country’s inflation for July fell to 1.5 percent from 1.87 percent in June as a result of the constant drop in aggregate demand.

Inflation in this year’s forecast is expected to close at 3.9 percent and predicted to decline further as the country’s economy slows down and local prices track the declining value of South African Rand.

Zimbabwe is largely dependent on imports from South Africa.

Economists said inflation will most likely remain under control this year with the underlying core rates projected to trend sideways or down throughout most of 2013.

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