Prices of goods to continue falling: RBZ

THE Reserve Bank of Zimbabwe (RBZ) yesterday predicted that inflation, which is the rate at which prices for goods and services rise, will decline to between 60% and 70% by year-end on the back of tight monetary and fiscal measures.

Zimbabwe experienced sharp exchange rate depreciation between April and June 2023 driven by both demand and supply factors, which exerted significant pass-through to inflation.

As a result, prices of goods skyrocketed in supermarkets, resulting in most people failing to meet basic
needs.

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