Business / Economy
Cost of living decrease to $560
08 Aug 2013 at 18:22hrs | Views
THE cost of living as measured by the Consumer Council of Zimbabwe's low-income urban earner's monthly basket for a family of six decreased by 0,6 percent to $561,32 by the end of July from the June figure of $564,73.
According to CCZ, the food basket decreased by $3,49 from $153,08 in June to US$149,59 in period under review.
The council said the fluctuations in the food basket could be attributed to the ongoing promotions in various supermarkets and the volatility of the South African rand.
The rand's slide over the past several months from 8,46 to the dollar in January to 10 rand to a dollar this month was sparked by concern of labour disruptions and a decline in commodity prices amid concerns that this would keep slowing growth in Africa's biggest economy.
This could also have an impact on Zimbabwe as most of the country's imports are from Down South.
CCZ said in the month of July, detergents increased by US8c from $12,65 to $12,73.
The price of tea leaves increased by 24c from $1,65 in June to $1,89 while tomatoes went up US10c from US65c to US75c.
A head of cabbage now costs US55c up from US50c in June. The price of a 2kg packet of white sugar increased by US4c from $1,95 to $1,99 and laundry bars by US4c from $1,25 to $1,29.
Decreases were recorded in the prices of beef which went down by US40c from $4,30 to $3,90 in the period under review.
Flour shed US11c from $1,99 to $1,88 while 2kg of rice went down US11c from $1,85 in June to $1,74.
Margarine decreased by US19c from $2,42 to $2,23 while a 20kg of mealie-meal went down US16c from $11,86 to $11,70.
Fine salt and cooking oil slightly decreased by US2c and US1c respectively to end the month of July at US18c and $1,78.
A kilogramme of onions went down US20c from $1,39 to $1,19.
The cost of the CCZ basket for transport, rent, water and electricity, health, education, clothing and footwear remained unchanged at $399.
According to CCZ, the food basket decreased by $3,49 from $153,08 in June to US$149,59 in period under review.
The council said the fluctuations in the food basket could be attributed to the ongoing promotions in various supermarkets and the volatility of the South African rand.
The rand's slide over the past several months from 8,46 to the dollar in January to 10 rand to a dollar this month was sparked by concern of labour disruptions and a decline in commodity prices amid concerns that this would keep slowing growth in Africa's biggest economy.
This could also have an impact on Zimbabwe as most of the country's imports are from Down South.
CCZ said in the month of July, detergents increased by US8c from $12,65 to $12,73.
The price of tea leaves increased by 24c from $1,65 in June to $1,89 while tomatoes went up US10c from US65c to US75c.
Decreases were recorded in the prices of beef which went down by US40c from $4,30 to $3,90 in the period under review.
Flour shed US11c from $1,99 to $1,88 while 2kg of rice went down US11c from $1,85 in June to $1,74.
Margarine decreased by US19c from $2,42 to $2,23 while a 20kg of mealie-meal went down US16c from $11,86 to $11,70.
Fine salt and cooking oil slightly decreased by US2c and US1c respectively to end the month of July at US18c and $1,78.
A kilogramme of onions went down US20c from $1,39 to $1,19.
The cost of the CCZ basket for transport, rent, water and electricity, health, education, clothing and footwear remained unchanged at $399.
Source - businessdaily.co.zw
