shelves supermarket.jpgZimbabwe’s year on year inflation rate for the month of December 2010 has slowed down to 3,2%, shedding 1% from the November rate of 4,2%.

According to The Zimbabwe National Statistical Agency (ZIMSTAT), the year-on-year food and non-alcoholic beverages inflation stood at 7,43% whilst non-food inflation stood at 1,52%.

Subgroups that recorded a decline include housing, water and electricity, communication and miscellaneous goods and services.

Slight upward price increases were recorded in health, furniture and household equipment as well as clothing and footwear.

ZIMSTAT says this means prices as measured by the Consumer Price Index (CPI) increased by an average of 3,2% between December 2009 and December 2010.

Inflation has been ranging from negative digits to single digits over the last 2 years since the formation of the unity government and the introduction of the multi currency regime.