馃嚳馃嚰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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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Zimbabwe is seeking US$9 billion for energy expansion, with new regulations expected to accelerate grid expansion, improve electricity access, and attract fresh capital into the energy sector. This comes as the country also faces climate and food security risks, leading to proposed new grain levies. Other developments include Zimbabwe's expansion of development finance options with BRICS New Development Bank membership, and the commissioning of a specialized honey testing laboratory to boost export competitiveness. Meanwhile, ART operations have been affected by power outages and raw material shortages, with exports and paper division volumes declining by 6% and 26% respectively in the third quarter to June 2022. The Zimbabwe Property Excellence Awards highlighted government infrastructure projects and sports facilities. In sports news, the PSL postponed the Highlanders-Chicken Inn derby following the tragic death of Bosso officials and a supporter. Political tensions at grasslands plots have led to violent attacks and forced evictions.
Must ReadZimbabwe is broadening its development finance avenues by joining the BRICS New Development Bank. This move is expected to accelerate grid expansion, enhance electricity access, and attract new capital into the country's energy sector. Other news includes the postponement of a football derby due to a tragic accident, the suspension of top aides by Tsvangirai, and calls for stronger regional health partnerships. The country is also addressing climate and food security risks with proposed new grain levies and is seeking US$9 billion for energy expansion. Additionally, Zimbabwe has commissioned a specialized honey testing laboratory to boost export competitiveness.
Must ReadThe Zimbabwe Property Excellence Awards recently focused on government infrastructure projects and sports facilities. Other news from Zimbabwe includes China's commitment to supporting Vision 2030, Zimbabwe's expansion of development finance options with BRICS New Development Bank membership, and ARDA delivering 120,000MT as the country prepares for El Ni帽o. There are also proposals for new grain levies to address climate and food security risks, and a call to address the silent dementia crisis. ART operations have been affected by power outages and raw material shortages, with exports and paper divisions seeing volume declines of 6% and 26% respectively in the third quarter to June 2022. Additionally, Zimbabwe is seeking US$9bn for energy expansion and has commissioned a specialized honey testing laboratory to boost export competitiveness. Political tensions at grasslands plots have led to violent attacks and forced evictions.