Rate Of Inflation Will Be At 400% By Year End- Biti
25 April 2019
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Farai Dziva|Despite being denigrated by Zanu PF sympathisers, former Minister of Finance and Economic Development, Tendai Biti has declared that Zimbabwe’s rate of inflation will be 400 per cent by year-end.

This comes after rampant price increases and the freefall of the RTGS dollar against the greenback.

“The official rate of inflation is now 66% but those following the day to day movement of prices will tell you that it stands at 270%.

In 10 years this regime has taken us through 2 vicious cycles of disequilibrium. It doesn’t need the genius to foresee that year-end inflation will be 400%,” claimed Biti.