Zimbabwe is now out of deflation, providing opportunities for increased business activities after recording a 0,78 inflation rate in September this year.
Deflationary conditions that had made it difficult for business to operate at profitable trends on the back of limited buying power are now out as prices have increased by 0,78 percent between September last year and the same month this year.
“The current inflation rate is therefore important towards attracting investment as it is an indication of stable economic conditions,” an economist, Professor Albert Makochekanwa said.
“Indeed this is the best thing for the nation. Now there is need for responsible authorities to focus on increasing production in order to consolidate stable pricing conditions,” another economist, Mr Persistence Gwanyanya.
The central bank is projecting the nation’s inflation rate to end the year at 2 percent.