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Zimbabwe's month-on-month inflation surges to 5.8% in September
Zimbabwe's month-on-month inflation rate accelerated to 5.8% in September, a sharp rise from 1.4% in August, according to the latest data from the Zimbabwe National Statistics Agency (ZimStat). The in...Published: 30 Sep 2024 at 07:41hrs | 368 | by Staff reporter
Zimbabwe's monthly inflation rises by 0,4%
In August 2024, Zimbabwe experienced a monthly inflation rate of 0.4%, up from - 0.1% in July. This increase was attributed to fluctuations in the parallel market exchange rate, which affected local c...Published: 27 Aug 2024 at 08:13hrs | 245 | by Staff reporter
Mnangagwa keeping Zim dollar to oppress Zimbabweans!
Why is the Zimbabwe government so adamant in holding on to a useless currency?On what logic would anyone believe that it is a good idea to continue using money that loses its value nearly on a...Published: 06 Mar 2024 at 23:33hrs | | by Tendai Ruben Mbofana
Zimbabweans sink deeper into poverty
THE Zimbabwe National Statistics Agency (ZimStat) says the total consumption poverty line (TCPL) for the month of November increased 9,5% to ZWL$115,090.00 for an individual from ZWL$105,071.98 in Oct...Published: 28 Nov 2023 at 05:24hrs | 2 | by Staff reporter
Zimbabwe's yearly inflation increases to 21,6%
In November, Zimbabwe's annual inflation rose to 21.6%, according to data released by the Zimbabwe National Statistics Agency (Zimstat) on Monday. This figure, measured by the all-items Consumer Price...Published: 28 Nov 2023 at 05:12hrs | 2 | by Staff reporter
Zimbabwe monthly inflation rate up 2.5%
Zimbabwe's monthly inflation rose to 2.5% in the period ending, marking a slight increase compared to the rates observed in the previous month.The Zimbabwe National Statistics Agency (Zimstat)...Published: 28 Oct 2023 at 08:01hrs | | by Staff reporter
Prices skyrocket in Zimbabwe
The ongoing depreciation of the local currency is plunging Zimbabweans further into economic hardship, causing prices of essential goods and services to soar beyond the means of most low-income famili...Published: 27 Oct 2023 at 06:18hrs | | by Staff reporter
Zimbabwe's 'rigged' inflation remains high at 18.4%
In September, Zimbabwe's annual inflation rate remained high at 18.4%, despite the adoption of a geometric aggregation method by the authorities for analyzing the consumer price index (CPI). The Zimba...Published: 29 Sep 2023 at 06:25hrs | | by Staff reporter
Cost of living rises as Zimdollar slips
The cost of living has surged by an additional 4.8% to reach ZWL$95,462.53 per person in September, driven by the ongoing depreciation of the Zimbabwean dollar against the US dollar. The count...Published: 29 Sep 2023 at 06:22hrs | | by Staff reporter
Zimbabwe's inflation drops to 101.3%
Zimbabwe's annual inflation eased to 101,3 percent in July from 175,8 percent in the prior month as the local unit continued to firm against the United States dollar and riding on tight fiscal and mon...Published: 26 Jul 2023 at 06:38hrs | | by Staff reporter
Zimbabwe cost of living up by 11%
THE Zimbabwe National Statistics Agency (ZimStat) has said $33 044 could adequately sustain a consumer's basic needs last month, which at today's official exchange rate translates to just US$31,54....Published: 01 May 2023 at 08:10hrs | 1 | by Staff reporter
Businesses ditch Zimdollar
GOVERNMENT yesterday threatened to unleash the Financial Intelligence Unit (FIU) on retailers refusing payment in the local currency or limiting the number of items consumers can buy in Zimdollar, whi...Published: 28 Apr 2023 at 07:04hrs | | by Staff reporter
Zimbabwe monthly inflation rate drops to 0,7%
MONTHLY inflation declined to 0,7% in January 2023 shedding 0,6 percentage points in a development which comes on the back of economic reforms aimed at easing inflationary pressures, Zimbabwe National...Published: 02 Feb 2023 at 08:30hrs | | by Staff reporter
ZCTU blasts Mthuli Ncube's paltry 2023 budget tax free threshold
THE Zimbabwe Congress of Trade Unions (ZCTU) says Finance Minister, Mthuli Ncube's tax free thresholds in the 2023 National Budget are a blow for the workers who will continue to carry the yoke of ove...Published: 30 Nov 2022 at 05:09hrs | | by Staff reporter
Zimbabwe's monthly and yearly inflation sustains significant decline
MONTHLY inflation for the period of November 2022 has declined to 1,8%, sustaining significant declines since the month of August, the Zimbabwe National Statistics Agency (Zimstat) reported Monday....Published: 29 Nov 2022 at 19:32hrs | 1 | by Staff reporter
EcoCash revises transaction limits upwards
EcoCash, Zimbabwe's largest mobile money platform, has increased its transaction limits by an average of 230%, allowing wallet holders to send money, pay bills or buy goods and services with greater e...Published: 04 Oct 2022 at 22:14hrs | | by Staff reporter
'Match salaries to basic commodity prices'
THE Consumer Council of Zimbabwe (CCZ) has said there is a need to match the cost of basic commodities with salaries of both private and public sector workers.This comes after the reduction of...Published: 25 Aug 2022 at 06:33hrs | | by Staff reporter
Family of 6 now requires ZW$110,550 for monthly expenses in Zimbabwe
THE cost of living for a family of six has shot up to a whooping ZW$110 550 for monthly expenses, Zimbabwe National Statistics Agency (ZIMSTAT) latest data for June 2022 has revealed.During th...Published: 26 Jun 2022 at 08:16hrs | 1 | by Staff reporter
Economic growth all good, but meaningless when Zimbabweans' livelihoods deteriorating!
A father can boast of his recent promotions at work or the expansion of his business entities.He can even be proud of the increased financial earnings, and profit margins coming into his pocke...Published: 30 Apr 2022 at 21:42hrs | 8 | by Tendai Ruben Mbofana
Mnangagwa fails to rig the economy
A FAMILY of six now requires a total of ZW$68 178 to meet basic needs per month as inflation continues to surge, according to latest data from the Zimbabwe National Statistical Agency (ZimStat)....Published: 28 Apr 2022 at 09:06hrs | 8 | by Staff reporter
Zimbabwe's resurgent inflation pushes cost of living up
RESURGENT inflationary pressures have pushed the cost of living up with monthly inflation gaining 9,2 percentage points to 15,5 percent this month, according to the Zimbabwe National Statistics Agency...Published: 28 Apr 2022 at 08:58hrs | | by Staff reporter
Prices in Zimbabwe run riot!
THE economic malaise has deepened in recent weeks as the cost of living is spiralling out of control with prices soaring by about 30% during the first week of April. This has plunged households into e...Published: 08 Apr 2022 at 08:22hrs | 1 | by Staff reporter
UZ employees down tools
UNIVERSITY of Zimbabwe (UZ) employees downed tools yesterday citing incapacitation.This follows a declaration of incapacitation by teachers since schools opened on February 7 as they demanded ...Published: 22 Feb 2022 at 05:42hrs | | by Staff reporter
Inflation target likely to be missed
FAILURE to implement tight monetary policy and a raft of confidence-building measures will see Zimbabwe missing its inflation target of 32.6% in 2022, a manufacturing sector lobby group has said in it...Published: 07 Feb 2022 at 21:19hrs | | by Staff reporter
December monthly budget surges 6%
ZIMBABWE'S average Total Consumption Poverty Line (TCPL), monthly expenditure needs, for an individual surged 6 percent to $8 008 in December 2021, the Zimbabwe National Statistics Agency (Zimstat) sa...Published: 07 Jan 2022 at 05:52hrs | 9 | by Staff reporter
2022 Post Budget Analysis
The Zimbabwean government presented a ZW$927.3 billion budget (18% of GDP) for the 2022 fiscal year. The government expects to collect revenues totaling ZW$850.7 billion (17% of GDP), thus resulting i...Published: 13 Dec 2021 at 09:11hrs | 6 | by Victor Bhoroma
Chombo can now freely rejoin the feeding trough
THE nation celebrates with Ignatius Chombo, who can now freely join the national feeding trough in peace.It was announced this week that all charges against the man had been dropped, seeing as...Published: 08 Oct 2021 at 19:02hrs | 1 | by Muckracker
Taming inflation is an arduous task
The Zimbabwe National Statistics Agency (Zimstat) pointed that year on year (annual) inflation rate marginally increased to 51.55% in September 2021 from 50.24% in August 2021 after 8 months of straig...Published: 06 Oct 2021 at 09:13hrs | 9 | by Victor Bhoroma
Reserve Bank panics as exchange rates spiral
MONETARY authorities revised annual inflation targets upwards on Monday before lining up a sea of fresh policy proposals to government, as they scurried to stem a "worrisome" surge in parallel market ...Published: 01 Oct 2021 at 08:02hrs | | by Staff reporter
Economists cautious as inflation falls
ECONOMISTS have given mixed views about Zimbabwe's decelerating annual inflation with some saying the rate could spike once spending increases.However, others told NewsDay Business yesterday t...Published: 06 Sep 2021 at 05:30hrs | 2 | by Staff reporter
2021 Mid Term Monetary & Budget analysis
The latest mid-term budget and monetary policy statements were presented in a low key mode with emphasis on avoiding policy shocks that can rock the economy. The Zimbabwean government revised upwards ...Published: 01 Sep 2021 at 15:30hrs | | by Victor Bhoroma
Zimbabwe's poverty datum line increases
THE Zimbabwe National Statistical Agency (ZimStats) yesterday said the country's year-on-year inflation figure eased to 56,37% in July, down from 106,4% in June.ZimStats also said the total co...Published: 28 Jul 2021 at 07:48hrs | | by Staff reporter
Cost of living jumps to $32 540
THE average cost of living for a family of five increased to $28 853 this month, from $28 362 in April, as reports emerged that supermarkets had been computing prices based on parallel market rates....Published: 30 May 2021 at 08:47hrs | | by Staff reporter
Family basket shoots to $28 300/month
THE monthly cost of living for a family of five has shot to $28 362 from $26 560 in March, data from the Zimbabwe National Statistics Agency (ZimStat) indicated yesterday. Price increases have continu...Published: 28 Apr 2021 at 06:15hrs | | by Staff reporter
Zimbabwe cost of living spikes again
THE cost of living for an average family of five shot to $26 560 this month, from $25 900 in February, following a price rage that has defied a range of measures lined up to avert a crisis, data from ...Published: 29 Mar 2021 at 06:25hrs | 7 | by Staff reporter
Pandemic forces city dwellers to migrate
Thirty-nine-year-old retrenchee Thembelani Masuku ditched the bustling life of Bulawayo in May 2020 for his rural home in Matshetsheni village in Gwanda North, about 100 kilometres away.It was...Published: 07 Mar 2021 at 08:00hrs | | by Staff reporter
Family monthly basket shoots to $25 935
THE monthly cost of living for an ordinary family of five rose again this February to record $25 935, the Zimbabwe National Statistics Agency (ZIMSTAT) has reported.The agency Thursday reporte...Published: 26 Feb 2021 at 06:43hrs | | by Staff reporter
Zimbabwe cost of living shoots to $24 935
THE cost of living continues to rise and an ordinary family of five now requires an average of $24 935 to cover its monthly expenses, the Zimbabwe National Statistics Agency (ZIMSTAT) has reported....Published: 28 Jan 2021 at 06:22hrs | 6 | by Staff reporter
ZimStat stops releasing poverty data
THE Zimbabwe National Statistical Agency (ZimStat) has abandoned the release of poverty datum line (PDL) data for a family of five to focus only on individual data, the NewsDay Business has establishe...Published: 18 Jan 2021 at 06:26hrs | | by Staff reporter
Cost of living spirals to $20 680
ZIMBABWE'S monthly cost of living rose by 4,4% to $18 750 in October, even as the Zimbabwe National Statistics agency (ZimStat) said the annual inflation rate dropped during the period.This fi...Published: 20 Nov 2020 at 06:21hrs | | by Staff reporter
Average Zimbabwean needed US$1.53 per day in October
The average Zimbabwean needed at least $3 750 not to be considered poor in October. This translates to US$1.53 per day and this is a significant improvement from June 2020 levels of US$0.75 but still ...Published: 19 Nov 2020 at 05:54hrs | 1 | by Staff reporter
Poverty Datum Line jumps 4,1% to $17 957
THE Poverty Datum Line (PDL) for an average family of five increased by 4,1 percent to $17 957 in September from $17 244,07 in August, official figures show. The latest increase is, however, s...Published: 02 Nov 2020 at 05:43hrs | | by Staff reporter
'Average Zimbabwean lived on US$1.15 in September'
The average Zimbabwean needed at least $3 591 not to be considered poor in September. This translates to US$1.15 per day and this is a significant improvement from June 2020 levels of US$0.75 but stil...Published: 29 Oct 2020 at 21:07hrs | | by Staff reporter
Zimbabwe poverty datum line rises to $17 244
THE Total Consumption Poverty Line (TCPL) for an average family of five people grew by 10% to $17 244 in August 2020, latest data from the Zimbabwe National Statistics Agency (ZimStat) has shown....Published: 21 Sep 2020 at 06:48hrs | | by Staff reporter
Let's resolve politics first
THE economic crisis continues to deepen with rising inflationary pressures, worsening shortages of foreign currency, electricity and fuel, amid a widening gap between the official and unofficial excha...Published: 31 May 2019 at 08:05hrs | 1 | by Prosper Chitambara
Zimbabweans told to brace for mass protests
THE Zimbabwe Congress of Trade Unions (ZCTU) has warned that it is mobilising for mass action against the current economic crisis if government fails to provide solutions.This comes as nurses ...Published: 25 May 2019 at 15:15hrs | 4 | by Staff reporter
High taxes lead to more poverty, underdevelopment
WITH the introduction and effective operation of the 2% tax on cash transfers, the poor households in Zimbabwe will remain in abject poverty.This tax will hit poor households the hardest, as t...Published: 23 Oct 2018 at 06:30hrs | | by David Mhlanga
Zimbabwe classified as low income country by World bank
The ZimStart has reported that the World Bank has classified Zimbabwe as the low income country with an average Zimbabwean living on $3.24 a day in September.This was according to the World Ba...Published: 02 Nov 2015 at 15:58hrs | | by Staff reporter
Cost of living higher in Matabeleland
THE average cost of living is higher in Matabeleland provinces compared to other parts of the country, according to the Zimbabwe National Statistics Agency (Zimstat). Matabeleland North province is th...Published: 17 Sep 2015 at 07:20hrs | | by Oliver Kazunga
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