The organisation said this indicated that the monthly inflation had nose-dived to 0.5 percent from a high of 0.9 percent previously.
Month-on-month food and non-alcoholic beverages inflation stood at 0.3 percent in February shedding 0.91 percentage points on the January rate of 1.28 percent.
Zimbabwe Stock Exchange (ZSE)-listed Delta Corporation Limited (Delta) last week shocked thirsty customers when it increased the price of clear beer all round.
Delta’s share price currently stands at US$0.77 on the bourse.
Zimstats said month-on-month non-food inflation stood at 0.54 percent shedding 0.38 percentage points on the January rate of 0.92 percent.
Zimbabwe’s struggling economy has been recovering since the introduction of dual currency after the dumping of the worthless Zimbabwe dollar by the Governor of the Reserve Bank of Zimbabwe (RBZ), Dr Gideon Gono.
The country now uses the South African Rand and the United States greenback as legal tender much to the delight of otherwise broke citizens.
Post published in: Economy