Zimbabwe’s year on year inflation for May increased to 0.75 from the April rate of 0.48 percent, data from the Zimbabwe National Statistics Agency (Zimstat) shows.
The rise in the rate of inflation means prices increased by 0.27 percent between May 2016 and May 2017.
The month on month inflation rate in May 2017 was 0.03 percent as compared to April 2017’s rate of 0.05 percent.
Zimbabwe’s annual inflation rate broke into the positive territory for the first time in 29 months in March after gaining 0.71 points on the January 2017 rate of -0.7 percent to 0.6 percent in February.
The economy entered into deflation in February 2014 when the rate of inflation shed 0.9 percentage points to 0.49 percent as prices continued to decline in line with a strong US dollar.
The country’s headline inflation had remained in the negative territory since October 2014, as the strong US dollar and weak aggregate domestic demand resulted in subdued prices as traders failed to sustain low demand against limited consumer spending.