{"id":2020,"date":"2019-01-18T15:12:19","date_gmt":"2019-01-18T15:12:19","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=2020"},"modified":"2019-01-18T15:12:19","modified_gmt":"2019-01-18T15:12:19","slug":"inflation-shock-at-42-1-adds-to-harares-woes","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/inflation-shock-at-42-1-adds-to-harares-woes","title":{"rendered":"Inflation Shock at 42.1%; Adds to Harare\u2019s Woes"},"content":{"rendered":"

Zimbabwean consumer prices rose at a new post-hyperinflation record pace in December, adding to the economic woes of a country that\u2019s reeling from foreign-exchange and fuel shortages.<\/p>\n

Inflation accelerated to 42.1 percent, from 31 percent in the previous month, the Zimbabwe National Statistics Agency said in a statement emailed Thursday.<\/p>\n

While that\u2019s well below the 500 billion percent the International Monetary Fund estimated it reached in 2008, there are big price discrepancies depending on whether goods are paid for electronically or with banknotes, casting doubt on the official figure.<\/p>\n

The country was rocked by protests this week as labour unions went on strike and people marched against massive fuel-price increases announced by President Emmerson Mnangagwa.<\/p>\n

\n
\n

The president on Wednesday called for calm as he vowed to tackle the \u201cmonumental task\u201d of fixing the shattered economy that has sparked violent protests this week.<\/p>\n

\u201cResolving Zimbabwe\u2019s economic challenges is a monumental task\u2026 We are moving in the right direction. We will get there,\u201d he said on Twitter. \u201cI call for calm and peace from all of our brothers and sisters.\u201d<\/p>\n

<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Zimbabwean consumer prices rose at a new post-hyperinflation record pace in December, adding to the economic woes of a country that\u2019s reeling from foreign-exchange and fuel shortages. Inflation accelerated to 42.1 percent, from 31 percent in the previous month, the Zimbabwe National Statistics Agency said in a statement emailed Thursday. While that\u2019s well below the […]<\/p>\n","protected":false},"author":84,"featured_media":2022,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[83,55,272],"class_list":{"0":"post-2020","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-economy","10":"tag-government","11":"tag-price"},"yoast_head":"\nInflation Shock at 42.1%; Adds to Harare\u2019s Woes - zimbabwe<\/title>\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\/inflation-shock-at-42-1-adds-to-harares-woes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation Shock at 42.1%; Adds to Harare\u2019s Woes\" \/>\n<meta property=\"og:description\" content=\"Zimbabwean consumer prices rose at a new post-hyperinflation record pace in December, adding to the economic woes of a country that\u2019s reeling from foreign-exchange and fuel shortages. 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