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US economist places Zimbabwean inflation at double-digit
27 May 2021 at 22:47hrs | Views
Zimbabwe's annual inflation dropped by 32.2 percentage points in May to settle at 161.9% but month-on-month inflation rose from 1.6% in April to 2.5% in May.
United States economist Steve Hanke who publishes daily inflation figures of more than 40 countries including Zimbabwe says Zimbabwe's inflation as of yesterday was 86%.
It was 106.7% on 15 May, the day the Zimbabwe National Statistics Agency normally compiles its Zimbabwe figures.
Zimbabwe has vowed to reduce inflation to below 10% by the end of the year with monthly inflation around 1%.
United States economist Steve Hanke who publishes daily inflation figures of more than 40 countries including Zimbabwe says Zimbabwe's inflation as of yesterday was 86%.
It was 106.7% on 15 May, the day the Zimbabwe National Statistics Agency normally compiles its Zimbabwe figures.
Every day I publish Hanke's #InflationSatellite. It's an interactive map that contains my accurate, up-to-date #Inflation measurements & black market (read: free market) data for 40+ countries. It is updated daily & currently contains data as of 5/27/21.https://t.co/AKEDqowP1W
— Steve Hanke (@steve_hanke) May 27, 2021
Source - online
