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Inflation in Zimbabwe is up 10 pc

by Blitz India Media
February 10, 2025
in Tanzania
Inflation in Zimbabwe is up 10 pc

HARARE: Inflation in Zimbabwe hiked up in January in dollar and local currency terms, rising by 14.6 per cent and 10.5 per cent respectively in a year-onyear comparison, reported africanews. com.

According to independent economist Prosper Chitambara, the increase in inflation is due to higher taxes and a regional drought last year, which put pressure on food prices. The Finance Ministry notably introduced a 0.5 pc tax on fast food and a 10 pc tax on sports betting proceeds in its latest budget.

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