Budget watchdog warns of double digit inflation

Zimbabweans should brace for more prices increases,, with inflation likely to touch two digit levels, the Parliamentary Budget Office has warned.

In its 2017 first half budget performance and outlook report, PBO said inflation which gained 0.64 percentage points to 0.78 percent September was likely to further strain public confidence in the country's banking sector.

The country is already grappling with foreign currency shortages, which have hampered the import of critical raw materials. This has resulted in high premiums being charged on hard currency, pushing inflation.