CZI concerned over ‘very high’ annual inflation rate

THE Confederation of Zimbabwe Industries (CZI) has bemoaned the “very high” annual inflation rate for April, which it says increases the cost of borrowing.  The Zimbabwe National Statistics Agency (Zimstat) said annual inflation for April was  85,7%.

The release of the ZiG annual inflation numbers is the  first time since the introduction of the local currency in April last year.

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