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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