Business / Economy
Zimstats adopts new CPI formula
19 Feb 2013 at 00:52hrs | Views
Zimbabwe Statistics Agency has adopted a new Consumer Price Index (CPI) formula, with new weights and classifications in line with international guidelines.
The new CPI takes effect from January, 2013.
All Sadc members states are supposed to adopt the new procedure to enable inter- country comparisons of inflation rates.
Meanwhile, inflation continued on down trend lower in January at an annualised rate of 2.51%, shedding 0.4% points on the December rate of 2.91%.
The new CPI takes effect from January, 2013.
All Sadc members states are supposed to adopt the new procedure to enable inter- country comparisons of inflation rates.
Meanwhile, inflation continued on down trend lower in January at an annualised rate of 2.51%, shedding 0.4% points on the December rate of 2.91%.
Source - dailynews
