{"id":15731,"date":"2019-11-08T18:03:14","date_gmt":"2019-11-08T16:03:14","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=15731"},"modified":"2019-11-08T18:03:14","modified_gmt":"2019-11-08T16:03:14","slug":"zimbabwes-inflation-makes-it-hard-to-keep-track-of-cost-of-living","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zimbabwes-inflation-makes-it-hard-to-keep-track-of-cost-of-living","title":{"rendered":"Zimbabwe\u2019s Inflation Makes it Hard to Keep Track of Cost of Living"},"content":{"rendered":"<p><span class=\"meta_origin\">HARARE, Nov 8 2019 (IPS)\u00a0<\/span>&#8211; Stung by the country\u2019s spiralling inflation, Zimbabwe\u2019s government workers took to the streets this week for the first ever police-sectioned march demanding improved wages.<span id=\"more-164029\"><\/span><\/p>\n<p>They asked the Minister of Finance Mthuli Ncube \u201cto commit to a process of restoring the value of workers\u2019 salaries to the pre-October 2018 status of $475 for the lowest-paid worker\u201d.\u00a0 Currently some teachers earn about $50 a month.<\/p>\n<ul>\n<li class=\"li1\"><span class=\"s1\">In August, consumer rights watchdog\u00a0<a href=\"http:\/\/www.prftzim.org\/\">Poverty Reduction Forum Trust<\/a>\u00a0<a href=\"http:\/\/www.prftzim.org\/download\/august-2019-bnb-press-statement\/\">said the Basket of Needs for an average family of five cost about $187 in August<\/a>, (according to currency exchange rates) an increase from $154 the month before.\u00a0<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">Amid a heavy police presence, the protestors were barred from marching to Ncube\u2019s offices where they intended to deliver their petition.<\/span><\/p>\n<div id=\"related_articles\">\n<p>IMF on Zimbabwe\u2019s hyperinflation<br \/>\nThe southern Africa nation\u2019s annual inflation rate is the second-highest in the world, after Venezuela, at 300 percent according to the International Monetary Fund.<\/p>\n<p>Though two months ago Ncube ordered the Zimbabwe Statistics Agency to stop publicising the country\u2019s annual inflation figures.<\/p>\n<p>An IMF mission to the country in September, led by Gene Leon, conducted a review and progress with Leon stating, \u201cPolicy actions are urgently needed to tackle the root causes of economic instability and enable private-sector led growth\u201d.<br \/>\nHe listed the ability to contain fiscal spending as a key challenge, adding tightened monetary policy was needed to stabilise the exchange rate.<br \/>\n\u201cRisks to budget execution are high as demands for further public sector wage increases, quasi-fiscal activities of the [Reserve Bank of Zimbabwe] RBZ that will need to be absorbed by the central government, and pressure to finance agriculture could push the deficit back into an unsustainable stance,\u201d Leon said in a statement.<br \/>\nHyperinflation harms everyone<br \/>\nThe recommendations by the IMF would make it difficult for government to accede to the wage increase demands.<\/p>\n<p>But trade unionists like Zivaishe Zhou, who is the National Coordinator of the Zimbabwe Agricultural Professionals and Technical Association, said that inflation was impacting citizens and said that corruption was responsible for the country\u2019s economic demise.<\/p>\n<p>\u201cIn Zimbabwe, surely nothing has been damaged by the sanctions, which are aimed at few companies and individuals; we have a corrupt government that is not accountable to anyone,\u201d Zhou told IPS.<\/p>\n<p>Dewa Mavhinga, the Southern Africa Director with Human Rights Watch, agreed.<\/p>\n<p>\u201cZimbabwe authorities misinform the public that targeted sanctions are responsible for collapsing the country\u2019s economy which is untrue. Rampant corruption and bad governance are the root causes of the country\u2019s economic crisis,\u201d Mavhinga told IPS.<\/p>\n<p>The European Union (EU) and United States (U.S.) slapped Zimbabwe with financial and travel bans that targeted top governing Zimbabwe Africa Union Patriotic Front officials (Zanu-PF) for purported human rights violations and electoral fraud in 2001.<br \/>\nThe BBC reports that financial and travel sanctions by the U.S. target 56 companies and 85 individuals, including President Emmerson Mnangagwa.<br \/>\nThe call to lift sanctions<br \/>\nLast month, government supporters held an anti-sanctions march, just as the U.S. included Zimbabwe\u2019s Minister of State Security Owen Ncube on its list of restricted persons.<\/p>\n<p>Zimbabwe responded by threatening the U.S. ambassador in the country with unspecified action, with Foreign Affairs Minister Sibusiso Moyo saying \u201cwe have the means to bring all this to an end, should we deem it necessary or should we be pushed too far\u201d.<\/p>\n<p>U.S. Ambassador to Zimbabwe Brian Nichols had stated in an interview on Trevor Ncube\u2019s Heart &amp; Soul television channel that corruption rather than sanctions had done more harm to Zimbabwe\u2019s economy.<br \/>\nMnangagwa\u2019s government has pinned the blame on the Zimbabwe Democracy and Economic Recovery Act (ZIDERA), passed in 2001 by the U.S. Senate, prohibiting Zimbabwean entities from doing business with the first world nation.<\/p>\n<p>\u201cZIDERA has blocked Zimbabwe\u2019s access to international credit markets, leading to the drying up of traditional sources of external finance,\u201d Mnangagwa told a gathering of anti-sanction marchers last month.<\/p>\n<p>But are sanctions to blame for Zimbabwe\u2019s economy?<br \/>\nFor Owen Dhliwayo, a Zimbabwean civil society activist here, \u201ccorruption in the Zanu-PF government has been prevalent even before the enactment of ZIDERA\u201d.<\/p>\n<p>Experts like Mlondolozi Ndlovhu, who holds a Master\u2019s Degree in Society and Media Studies from the country\u2019s Midlands State University, agree.<\/p>\n<p>\u201cThe amounts that have been reported to have been stolen by government officials here even as reported by State media, shows that even with sanctions upon it for as long as there won\u2019t be corruption, Zimbabwe can still manage to do very well in terms of its economy,\u201d Ndlovhu told IPS.<\/p>\n<p>In July, Zimbabwe\u2019s former Environment, Tourism, and Hospitality Industry Minister Prisca Mupfumira was arrested the Zimbabwe Anti-Corruption Commission (ZACC) over an alleged $95 million corruption scandal emanating from a National Social Security Authority (NSSA) forensic audit report detailing a litany of corrupt activities at the $1 billion state pension entity.<br \/>\nMupfumira is currently out on a bail of 5000 Zimbabwean dollars.<br \/>\nThis month, Joramu Gumbo, Minister of State for Presidential Affairs in Mnangagwa\u2019s Office, was arrested for prejudicing the government of $1 million during his time as transport minister when he reportedly influenced Zimbabwe Airways, a government airline, to enter into property deals with his sister.<br \/>\nReacting to the clear diplomatic standoff between the U.S. and Zimbabwe, Ndlovhu also said \u201ca small country like Zimbabwe threatening a country like the U.S., which has the potential to bring investment into the country, only shows that the Zimbabwean government has failed to reform itself\u201d.<\/p>\n<p>But ardent Zanu-PF backers like Tafadzwa Mugwadi, see things differently.<\/p>\n<p>\u201cIf sanctions are ineffective to the extent that the U.S. ambassador believes so, why has America kept them for nearly two decades now?\u201d Mugwadi told IPS.<\/p>\n<p>Taurai Kandishaya, National Coordinator of the Zimbabwe Citizens Forum, a civil society organisation with links to the ruling Zanu-PF party, agreed.<\/p>\n<p>\u201cThe reason why westerners imposed sanctions on Zimbabwe was to cripple our economy,\u201d Kandishaya told IPS.<\/p>\n<p>Human rights situation worsens<br \/>\nSince Mnangagwa came to power, Zimbabwe\u2019s human rights situation has worsened.<\/p>\n<p>In August 2018, Mnangagwa unleashed the military on protesters who questioned the delayed release of the presidential election results. Six people were shot and killed as a result.<\/p>\n<p>In January, 17 more people were shot and killed by members of the military after protests erupted following the hiking of fuel prices.<\/p>\n<p>On Nov.6, although government had given a nod to the civil servants strike to go forward, heavily armed police blocked the protesters from marching to the Ministry of Finance. where they intended to deliver their petition detailing their grievances.<\/p>\n<p>Civil society activists like Catherine Mkwapati, director of the Youth Dialogue Action Network, a democracy lobby group in Zimbabwe, believe these rights abuses are not resultant of sanctions.<\/p>\n<p>\u201cZimbabwe doesn\u2019t need sanctions [lifted] in order to have a professional judiciary system; it doesn\u2019t need sanctions to go in order for us to respect human rights.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HARARE, Nov 8 2019 (IPS)\u00a0&#8211; Stung by the country\u2019s spiralling inflation, Zimbabwe\u2019s government workers took to the streets this week for the first ever police-sectioned march demanding improved wages. They asked the Minister of Finance Mthuli Ncube \u201cto commit to a process of restoring the value of workers\u2019 salaries to the pre-October 2018 status of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":12576,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[91,672,327],"class_list":{"0":"post-15731","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-harare","10":"tag-imf","11":"tag-inflation"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zimbabwe\u2019s Inflation Makes it Hard to Keep Track of Cost of Living - zimbabwe<\/title>\n<meta name=\"description\" content=\"HARARE, Nov 8 2019 (IPS)\u00a0- Stung by the country\u2019s spiralling inflation, Zimbabwe\u2019s government workers took to the streets this week for the first ever\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-inflation-makes-it-hard-to-keep-track-of-cost-of-living\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zimbabwe\u2019s Inflation Makes it Hard to Keep Track of Cost of Living\" \/>\n<meta property=\"og:description\" content=\"HARARE, Nov 8 2019 (IPS)\u00a0- Stung by the country\u2019s spiralling inflation, Zimbabwe\u2019s government workers took to the streets this week for the first ever\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-inflation-makes-it-hard-to-keep-track-of-cost-of-living\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-08T16:03:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/2019\/08\/Drought-Zimbabwe.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-inflation-makes-it-hard-to-keep-track-of-cost-of-living\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-inflation-makes-it-hard-to-keep-track-of-cost-of-living\",\"name\":\"Zimbabwe\u2019s Inflation Makes it Hard to Keep Track of Cost of Living - 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