{"id":77201,"date":"2023-04-27T19:47:16","date_gmt":"2023-04-27T17:47:16","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monthly-inflation-hits-2-4-in-april"},"modified":"2023-04-27T23:08:41","modified_gmt":"2023-04-27T21:08:41","slug":"monthly-inflation-hits-2-4-in-april","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/monthly-inflation-hits-2-4-in-april","title":{"rendered":"Monthly Inflation Hits 2.4% In April"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The monthly inflation reached 2.4% in April 2023 while the annual rate of inflation has declined, the Zimbabwe National Statistics Agency (ZIMSTAT) said on Wednesday. ZIMSTAT said:<\/p>\n

The month-on-month inflation rate in April 2023 was 2.4%, gaining 2.3 percentage points on the March 2023 rate of 0.1%.<\/p>\n

This means that prices as measured by the all items CPI increased by an average of 2.4% from March 2023 to April 2023.<\/p>\n

The latest figures come at a time when the Zimbabwe dollar depreciated sharply on the parallel market, breaching US$1:ZWL$2 000 this week.<\/p>\n

According to ZIMSTAT, the month-on-month Food and Non-Alcoholic Beverages inflation rate was at -1,2% in April 2023, shedding 1.5% on the March 2023 rate of 0.3%.<\/p>\n

The month-on-month non-food inflation rate was 5.1%, gaining 5.1 percentage points on the March 2023 rate of 0.0%. ZIMSTAT said:<\/p>\n

The year-on-year inflation rate for the month of April 2023 as measured by the all items Consumer Price Index (CPI) was 75.2% percent.<\/p>\n

This means that prices as measured by the all items CPI increased by an average of 75.2 percent between April 2022 and April 2023.<\/p>\n

Since the beginning of 2023, ZIMSTAT has been measuring inflation using a weighted average of items priced in Zimbabwean dollars and United States dollars.<\/p>\n

Previously the rate of inflation was based only on items in Zimbabwean dollars.<\/p>\n

Last month, former Finance Minister Tendai Biti the government to measure inflation using a weighted average of items priced in Zimbabwean dollars and United States dollars is insincere and an attempt to conceal rising inflation. He said:<\/p>\n

Inflation is the measure of the price movement of a good over a period of time. Any good has one price so the blend rate is pure undiluted heresy and is a disingenuous attempt to muddle the ever-rising rate of inflation.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The monthly inflation reached 2.4% in April 2023 while the annual rate of inflation has declined, the Zimbabwe National Statistics Agency (ZIMSTAT) said on Wednesday. ZIMSTAT said: The month-on-month inflation rate in April 2023 was 2.4%, gaining 2.3 percentage points on the March 2023 rate of 0.1%. This means that prices as […]<\/p>\n","protected":false},"author":84,"featured_media":77199,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,9928,14185,14150,327,14660,19,1154],"class_list":{"0":"post-77201","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-annual-inflation","12":"tag-blended-inflation","13":"tag-blended-inflation-rate","14":"tag-inflation","15":"tag-monthly-inflation","16":"tag-zimbabwe","17":"tag-zimstat"},"yoast_head":"\nMonthly Inflation Hits 2.4% In April - zimbabwe<\/title>\n<meta name=\"description\" content=\"The monthly inflation reached 2.4% in April 2023 while the annual rate of inflation has declined, the Zimbabwe National ...\" \/>\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\/monthly-inflation-hits-2-4-in-april\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monthly Inflation Hits 2.4% In April\" \/>\n<meta property=\"og:description\" content=\"The monthly inflation reached 2.4% in April 2023 while the annual rate of inflation has declined, the Zimbabwe National ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monthly-inflation-hits-2-4-in-april\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T17:47:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T21:08:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/04\/postQueueImg_1682608644.25.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1199\" \/>\n\t<meta property=\"og:image:height\" content=\"496\" \/>\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=\"1 minute\" \/>\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\/monthly-inflation-hits-2-4-in-april\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/monthly-inflation-hits-2-4-in-april\",\"name\":\"Monthly Inflation Hits 2.4% In April - 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