Ceteris Paribus: The rising inflation

IN August 2024, Zimbabwe witnessed a significant rise in inflation across various indices, including the blended rate, United States dollar (US$), and Zimbabwe Gold (ZiG) bases.

The month-on-month blended inflation rate increased to 0,4% from -0,1% in July, while the US$ inflation rate stood at 0,2%, and the ZiG inflation rate surged to 1,4%. This upward trend in inflation has sparked concerns about the country’s economic stability, particularly in light of the ongoing depreciation of the local currency.

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