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Zimbabwe’s inflation surges to six-month high of 66.1 percent

Published

3 years ago

February 25, 2022

HARARE – Zimbabwe’s annual inflation accelerated to 66.1 percent in February, up from 60.6 percent the previous month to reach a six-month high, according to the data released by Zimbabwe National Statistics Agency (ZimStat) Friday.

Zimbabwe’s annual inflation has been gradually rising since September last year, with monetary authorities attributing this to the parallel exchange rates pass-through effect on domestic inflation toward the end of last year.

In his monetary policy statement earlier this month, Reserve Bank of Zimbabwe governor John Mangudya acknowledged the resurgence of inflationary pressures in the economy and said the Bank will sustain tight monetary policy measures to bring further stability to the exchange rate and inflation.

According to the ZimStat, the monthly inflation in February quickened to 7 percent, gaining 1.7 percentage points on the January rate of 5.3 percent.

“This means that prices, as measured by the all items for Consumer Price Index, increased by an average rate of 7.0 percent from January 2022 to February 2022,” the statistical agency said.

On Thursday, Finance minister Mthuli Ncube said in 2022, the government intends to halve the inflation figure and achieve an inflation target of 32.6 percent, as a result of counter inflationary measures that will be implemented during the course of the year.

“From runaway triple-figure inflation, by December 2021, year-on-year inflation had dropped to 60.7 percent,” said Ncube.

“In 2022, our government plans to halve that number to achieve an inflation target of 32.6 percent and implement an end period range of 15-20 percent.”

He said while inflation in the range of 30 percent would be still high, “it is light years away from the numbers we have seen in the past.” –Xinhua

Related Topics:annual inflation Reserve Bank of Zimbabwe

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Zimbabwe Republic Police officer faces charges for allegedly claiming to be ZRP boss

Published

2 days ago

August 15, 2025

VicFallsLive

BY STAFF REPORTER

A Zimbabwe Republic Police (ZRP) officer appeared in court today facing charges of causing disaffection among police officers, procuring the use of a motor vehicle by fraud, and transmitting false data messages intending to cause harm.

Simbarashe Mandizvidza, an Assistant Inspector in the ZRP, was remanded in custody to Monday, when he will apply for bail.

According to the State, Mandizvidza on August 14, broadcast a video on his YouTube channel, Gondo Harishaye, claiming to be the head of the ZRP, despite knowing that Commissioner General Stephen Mutamba holds the position.

The State alleges that Mandizvidza’s actions were intended to cause disaffection among police officers, contrary to Section 30 of the Criminal Law (Codification and Reform) Act, Chapter 9:23.

Mandizvidza is also accused of procuring the use of a Ford Ranger vehicle by misrepresenting to Chief Inspector Chiteure that he had been instructed by Commissioner Makomo to use the vehicle for errands.

Furthermore, the State alleges that Mandizvidza transmitted false data messages on his YouTube channel, including claims that the ZRP Traffic section had been temporarily disbanded and that Chinese nationals must leave Zimbabwe within 48 hours.

The State indicated that it will oppose Mandizvidza’s bail application, citing the seriousness of the offenses and the need to protect the public interest.

The case continues on Monday.

In the community

Chief Mvutu installation underway

Published

2 days ago

August 15, 2025

VicFallsLive

BY NOKUTHABA DLAMINI

Hwange District is bracing for a historic event today as Chief Mvutu is officially installed as the new substantive chief.

The installation ceremony, which comes eleven years after the passing of Silibaziso Mlotshwa’s father in 2014, is featuring speeches, entertainment, and traditional greetings.

According to the programme, the ceremony will commence with the arrival of invited guests, followed by the arrival of distinguished guests.

The event will feature speeches by various dignitaries, including Richard Moyo, Minister of State for Provincial Affairs and Devolution, and Senator Chief Mtshane Khumalo, President of the National Council of Chiefs.

Other highlights of the ceremony include the investiture of Chief Mvutu, the paying of allegiance by village heads, and the presentation of gifts.

The installation ceremony marks a significant milestone in the district’s history, bringing to an end a protracted dispute over the chieftainship.

The event is expected to attract dignitaries, community leaders, and residents from across the district.

In the community

Nkayi man in court for alleged rape of minor

Published

2 days ago

August 15, 2025

VicFallsLive

BY NOKUTHABA DLAMINI

A 28-year-old man from Nkayi appeared before the Nkayi Magistrates’ Court, facing charges of raping his 15-year-old niece.

The prosecution alleges that the incident occurred on July 28, 2025, in a secluded bushy area. The accused is said to have sexually assaulted the minor after she refused his advances.

The matter was reported to the authorities, leading to the accused’s arrest. He has been remanded in custody pending his next court appearance.

The case has been referred to the Bulawayo Regional Court for further proceedings, with the accused set to appear on August 26.