Annual Inflation Falls To 77.2% In August

Zimbabwe National Statistics Agency (ZIMSTAT) on Monday, 21 August said annual inflation fell to 77.2 percent in August from 101.3 percent in July.

ZIMSTAT also said the month-on-month inflation rate in August was -6.2 percent gaining 9.1 percentage points on last month’s rate of -15.3 percent. ZIMSTAT said:

The year-on-year inflation rate for the month of August 2023 as measured by the all items Consumer Price Index was 77.2 percent…

The month-on-month inflation rate in August 2023 was -6.2 percent gaining 9.1 percentage points on the July 2023 rate of -15.3 percent.

ZIMSTAT said the Food Poverty Line for one person in August was $70 461.00. The Total Consumption Poverty Line for one person was $91 063.00 in August 2023.

The Food Poverty Line (FPL) represents the amount of money that an individual requires to afford a daily minimum energy intake of 2 100 calories. Said ZIMSTAT:

The CPI for August 2023 was 450.43 and 479.79 in July 2023.

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