Zimbabwe’s year on year inflation rate for the month of December 2020 stood at 348.59 percent, down from 401.66 percent recorded the previous month, but still higher than the 336 percent predicted by Finance and Economic Development Minister Mthuli Ncube. The country’s annual inflation rate topped 837 percent last July, but fell to 761 percent in August following the introduction of a foreign exchange auction trading system which brought stability to the foreign exchange market, and has since maintained a downward trajectory. Future Media News spoke to Zimbabwean economist Eddie Cross says they are concerned and are hoping for a positive change.
- Coffee prices soar as Brazil is hit by bad weather
- Sending in the army doesn’t solve the underlying issues in South Africa says academic
- Namibia still assisting drought-stricken Angolans
- Military not a magic bullet: South Africa needs to do more for long term peace
- BioNTech sets its sights on Malaria