According to figures released by Zimstats today, month on month inflation rate stood at 0,131 percent shedding a minuscule 0,003 percentage points on the November rate of 0,134 percent. This was mainly weighed on by declines in clothing & footwear, furniture and recreation weights.
The year on year Food and Non-Alcoholic beverage stood at 3,81 percent whilst non-food inflation stood at 2,51 percent. The month on month food and non-alcoholic beverages stood at 0, 29 percent shedding 0,11 percentage points on the November rate of 0,18 percent and non-food month on month at 0.06% shedding 0.05 percentage points from 0,11 percent.
The CPI for December stood at 102,90 compared to 102,77 in November and 99,99 in December 2011.
Zimstat says it will change its CPI weights starting in January this year.
There has been little upward movement on prices of clothing and footwear as well as recreation and culture.
Post published in: Business