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Friday, September 29, 2023

Hating Inflation? Follow Zimbabwe’s Playbook to Make it Go Away

 

  • Inflation slows after methodology focuses on US dollar use
  • Change trims inflation rate from above 175% in June to sub-20%

Zimbabwe, long a poster child for runaway inflation, has raised eyebrows by declaring a dramatic slowdown in price pressures.

The National Statistics Agency on Thursday announced the annual rate of inflation fell to 18.4% in September, compared with 77.2% a month before, after it revised the methodology used to calculate the number.

https://www.bloomberg.com/news/articles/2023-09-29/hating-inflation-follow-zimbabwe-s-playbook-to-make-it-go-away

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