Zimbabwean inflation continue on a downward spiral


HARARE (Reuters) – Zimbabwe’s inflation rate stood at 321.59% year-on-year in February compared to 362.63% the previous month, national statistics agency Zimstats said on Thursday.

On a month-on-month basis, prices increased by 3.45% compared to 5.43% during the same period.

The central bank has forecast annual inflation will end the year below 10%, which economic analysts say is too optimistic.