By A Correspondent

Zimbabwe’s monthly inflation rate has slowed down to 11.7% in November, down from 37.2% in October, according to the latest figures from the Zimbabwe Statistics Agency (ZimStat) ¹. This decrease is a welcome respite from the sharp increase in October, which was largely attributed to the devaluation of the Zimbabwe Gold (ZiG) currency in late September.

In terms of annual inflation, the rate has dropped to 3.3% in November from 4.1% in October, when measured in USD terms. The monthly USD inflation rate has also decreased by 0.6 percentage points to 0.1%.

However, despite this slowdown, Zimbabwe’s inflation rate remains a concern. The country has struggled with hyperinflation since 1997, largely due to over-expansionary fiscal policies, which have led to rapid money growth and high inflation rates ².