HARARE: Zimbabwe’s annualised inflation dropped to minus 3.11 percent in September, plunging the comatose southern African economy deeper in a deflationary environment.
Data released by the Zimbabwe National Statistical Agency (ZIMSTAT) on Thursday shows that year-on-year consumer inflation declined 0.34 percentage points on the August rate of minus 2.77 percent.
ZIMSTAT attributed the deflationary environment to a self-correction of the overvalued United States dollar.
Zimbabwe has officially used the US greenback since February 2009 when it adopted a basket of foreign currency as legal tender and abandoned the then free-falling Zimbabwe dollar.
