Inflation drops to 471,25%

ZIMBABWE’S annual inflation rate dropped to 471,25% in October from 659,40% in September, according to latest data from the Zimbabwe National Statistics Agency (ZimStat).

The annual inflation rate was 761,02% in August and 837,53% in July.

The data reflects that prices are stabilising in line with the stability being enjoyed by the Zimbabwe dollar against major currencies.

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