THE Zimbabwe National Statistical Agency (ZimStat) says it has delayed the publication of last month’s inflation figures due to the COVID-19-induced lockdown that crippled the data collection process.
Contacted for comment, ZimStat prices statistics manager Thomas Chikadaya said the April inflation data was expected to be published by monthend.
The country’s annual inflation rate jumped to 676,39% in March from 540,16% the previous month, at a time prices of goods continue to spike amid continued Zimdollar depreciation.
American economist Steve Hanke last week said Zimbabwe’s annual inflation rate was 838%, urging authorities to ditch the Zimdollar in favour of the US dollar.
Zimbabwe’s annual inflation rate is 838%/year.
