Business / Economy
July inflation slides to -1.6%
16 Aug 2016 at 08:13hrs | Views
INFLATION for the month of July 2016 fell by 0.24 percentage points to - 1.60 percent, the national statistics agency said on Monday.
On a month on month basis, the inflation rate in July was - 0.19 percent - shedding 0.38 percentage points on the June 2016 rate of 0.19 percent, Zimstat said.
"This means that prices as measured by the all items CPI decreased at an average rate of - 0,19 percent from June 2016 to July 2016,"said Zimstats.
The year on year food and non alcoholic beverages inflation was - 3,76 percent while non food inflation rate stood at -0,59 percent.
Statistics show that inflation rate for the food and non alcoholic beverages on a month on month basis shed 0,17 percentage points in July 2016, from June rate of - 0,35 percent.
On a month on month basis, the inflation rate in July was - 0.19 percent - shedding 0.38 percentage points on the June 2016 rate of 0.19 percent, Zimstat said.
"This means that prices as measured by the all items CPI decreased at an average rate of - 0,19 percent from June 2016 to July 2016,"said Zimstats.
The year on year food and non alcoholic beverages inflation was - 3,76 percent while non food inflation rate stood at -0,59 percent.
Statistics show that inflation rate for the food and non alcoholic beverages on a month on month basis shed 0,17 percentage points in July 2016, from June rate of - 0,35 percent.
Source - Byo24News
