Zimbabwe’s annualised inflation closed 2017 at 3,46 percent on the back of unjustified price increases for some goods and services.
Consumer Price Index (CPI) data released by the Zimbabwe National Statistics Agency (Zimstat) this Tuesday indicate that inflation for December 2017 stood at 3,46 percent after gaining 0,49 percentage points on the November 2017 rate of 2,97 percent.
An economist, Mr Luxon Zembe said the upward trend in inflation provides an opportunity for the central bank and treasury to focus on increasing production.
“Indeed it is now a challenge on what can be done to solve the challenge for the growth of this economy,” he said.
A businessman, Dr Abel Mubango weighed in saying the firming inflation, though being a reflection that Zimbabwe is now out of deflation, however needs to be controlled.
The treasury has projected the inflation rate to end this year at 3,01 percent.