News / Local
Bond notes push cost of living up
13 Jan 2017 at 09:02hrs | Views
The introduction of bond notes late last year has pushed the cost of living, state media reported.
A family of six now needs $577,97 to carry them through the month up from $574.01.
"As CCZ, we assume that the slight increase in prices could be attributed to various factors and these include fluctuation of fuel prices and the introduction of bond notes in circulation.
" Some supermarkets have taken advantage of these circumstances to increase the prices of basic commodities," Consumer Council of Zimbabwe (CCZ) said as reported by state controlled Chronicle.
"The price of detergents decreased by $0.76 or 6.51 percent from $11.67 to $10.91.
"Increases were recorded in products that include flour by $0.02 from $1.85 to $1.87, meat by $0.59 from $3.98 to $4.57, cooking oil by $0.10 from $1.39 to $1.49, and mealie-meal by $0.70 from $11.25 to 11.95".
A family of six now needs $577,97 to carry them through the month up from $574.01.
"As CCZ, we assume that the slight increase in prices could be attributed to various factors and these include fluctuation of fuel prices and the introduction of bond notes in circulation.
"The price of detergents decreased by $0.76 or 6.51 percent from $11.67 to $10.91.
"Increases were recorded in products that include flour by $0.02 from $1.85 to $1.87, meat by $0.59 from $3.98 to $4.57, cooking oil by $0.10 from $1.39 to $1.49, and mealie-meal by $0.70 from $11.25 to 11.95".
Source - Byo24News
