We have walked the talk on inflation, says Zim finance minister

مصر أخبار أخبار

We have walked the talk on inflation, says Zim finance minister
مصر أحدث الأخبار,مصر عناوين

“We said that month-on-month inflation is going to be stabilising and going to be dropping, that’s what has been been happening.”

Zimbabwean finance minister Mthuli Ncube. Picture: BLOOMBERG/CYNTHIA R MATONHODZE

Year-on-year inflation remains high, “but that’s expected, that happens when you liberalise a currency”, Ncube said on Wednesday in an interview with Bloomberg TV at the World Economic Forum in Davos. The country’s statistics agency suspended publishing year-on-year inflation data after June, when monthly inflation peaked at 39.3%. It still releases the consumer price index , which shows annual costs rose 521% in December, the most since a hyperinflation episode in 2009.

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