🇿🇼ZimbabweSouthern Africa
Zimbabwe's inflation rises in April due to increased transport and food costs
via NewsDay Zimbabwe5 min read
Zimbabwe experienced a renewed increase in inflation in April, primarily driven by higher transport and food expenses, placing additional strain on household budgets. Data from the Zimbabwe National Statistics Agency Zimstat shows the Zimbabwe Gold ZiG month-on-month inflation rate climbed to 1.1% in April from 0.5% in March, with annual inflation also rising to 4.8% from 4.4%. Increases were predominantly observed in the transport and food and non-alcoholic beverages divisions. The United States dollar basket also saw a rise in month-on-month inflation to 1.1% in April from 0.5% in March, and annual USD inflation accelerated to 2.2% from 1.3%. The World Food Programme noted that Zimbabwe's food security remained fragile in March, attributing this to escalating food prices and reduced household purchasing power. Analysts suggest that higher global energy costs, influenced by geopolitical tensions involving the United States, Israel, and Iran, have contributed to increased transport costs. Zimstat reported the Food Poverty Line for one person at ZiG909.72 in April, and the Total Consumption Poverty Line at ZiG1,329.07. Upstream production costs also increased, with the ZWG Producer Price Index excluding agriculture rising by 1.6% monthly in March. Construction-related costs also saw sharp increases, with the Civil Engineering Material Price Index up 7.1% monthly in March and the Building Materials Price Index climbing 4.1% quarterly by March. These figures indicate re-emerging
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