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Zimbabwe inflation at 401.66% in November - Zimstats - Metro US

Zimbabwe inflation at 401.66% in November – Zimstats

A security guard sanitizes a visitor at the start of the tobacco selling season, after the coronavirus disease (COVID-19) outbreak delayed the opening of auctions, in Harare

HARARE (Reuters) – Zimbabwe’s inflation rate eased to 401.66% in November year-on-year from 471.25% the previous month, statistical agency Zimstats said on Tuesday.

On a monthly basis, prices increased by 3.15% compared with 4.37% previously.

Inflation has eroded savings and salaries this year, leading to strikes by public sector workers, but the national treasury says inflation will moderate next year on better economic growth prospects.

(Reporting by MacDonald Dzirutwe; Editing by Chris Reese)

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