Figures released by the Zimbabwe National Statistics Agency reveal that the annual rate of inflation for the month of April 2019 jumped to 75.86% from the March 2019 rate of 66.80% as the country’s local currency, the RTGS dollar , continues to weaken.
“As a result of limited activity, businesses and individuals are increasingly accessing foreign currency on the parallel market, thereby widening the gap between the official and unofficial exchange rates and increasing inflation pressures as retailers pass on the additional cost of imports to final consumers,” said the company.
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