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Zimbabwe's monthly inflation declines to 1.8% in Nov from 3.2% in Oct

Zimbabwe's month-on-month inflation rate for November fell to 1.8 from 3.2 per cent of the previous month, the Zimbabwe National Statistics Agency said

US is exporting inflation, and Federal Reserve hikes will make it worse

IANS Harare

Zimbabwe's month-on-month inflation rate for November fell to 1.8 from 3.2 per cent of the previous month, the Zimbabwe National Statistics Agency said.

Finance Minister Mthuli Ncube on Monday said that the government is targeting to keep monthly inflation, which has been on a downward trend for the past few months, at between 1-3 per cent in 2023, Xinhua news agency reported.

The Zimbabwean government said it will continue with its tight fiscal and monetary policy measures to keep inflation under control.

--IANS

int/khz/

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Nov 29 2022 | 6:50 AM IST

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