Business

Food prices rise as inflation swells

NewsDay Staff ·

Food prices rise as inflation swells

THE Food Poverty Line (FPL) for one person rose by 51,31% to ZiG424,95 this month, amid an acceleration in the annual inflation rate for April to 57,5%.

According to the Zimbabwe National Statistics Agency (ZimStat), a person required at least ZWL701 236,89 for the month of March to buy food.

Since the Zimbabwe dollar (ZWL), was dropped for the ZiG (Zimbabwe Gold) currency on April 5, the March FPL translates to ZiG280,49 per person, showing an increase in the April figure.

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