Zim inflation falls

Zimbabwe's year-on-year inflation rate for the month of June 2013 as measured by the all items Consumer Price Index stood at 1,87 percent shedding 0,33 percentage points on the May 2013 rate of 2,2 percent, the Zimbabwe National Statistics Agency has said.

This means prices as measured by the all-items consumer price index increased by an average of 1,87 percentage points between June 2012 and June 2013.

"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," said ZimStat.

"The year-on-year food and non-alcoholic beverages inflation prone to transitory shocks stood at 2,9 percent while the non-food inflation rate stood at 1,35percent."

The month-on-month inflation rate in June 2013 was -0,13 percent gaining 0,08 percentage points on the May's figure of -0,21 percent.

Monthly food and beverages rate of inflation for February 2013 stood at -0,33 percent, shedding 0,05 percentage points on the May 2013 rate of 0, 32 percent.
 
Month-on-month non-food inflation stood at 0,72 percent gaining 0, 78 percentage points on the January rate of -0,06 percent.

The Consumer Price Index for the month ending June 2013 stood at 100, 81 compared to 100,94 in May 2013 and 98, 97 in June 2012.