Zimbabwe annual inflation to fall by as much as 15 pct by end of year – cenbank governor

A woman shops in a supermarket in Harare, Zimbabwe May 20, 2017. REUTERS/Philimon Bulawayo

HARARE, March 11 (Reuters) – Zimbabwe’s average annual inflation should fall to between 10 and 15 percent after it reached its highest level in a decade in January, central bank governor John Mangudya said on Monday.

Year-on-year inflation accelerated to 56.9 percent in January from 42.09 percent in December, propelled by increases in the price of basic goods and beer.