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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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Zimparks launches elephant culling program

Published

2 weeks ago

June 3, 2025

VicFallsLive

BY NOKUTHABA DLAMINI

In a bid to address the growing elephant population in Save Valley Conservancy, the Zimbabwe Parks and Wildlife Management Authority (ZimParks) has issued permits for a controlled elephant management exercise.

The exercise, slated to commence shortly, aims to cull an initial 50 elephants from the conservancy, which is currently home to 2,550 elephants – more than three times the ecological carrying capacity of 800 elephants.

According to ZimParks, the conservancy has been struggling to cope with the swelling elephant population, which has put a strain on the wildlife habitat and resources. Over the past five years, the conservancy has translocated 200 elephants to other areas, including Hurungwe and Sapi, in an effort to manage the population.

Zimparks says the controlled culling exercise is expected to provide relief to the conservancy’s ecosystem, while also benefiting local communities.

Elephant meat from the exercise will be distributed to local communities while the ivory will be kept by the State.

In a statement, ZimParks spokesperson Tinashe Farawo emphasized the authority’s commitment to responsible and sustainable wildlife management.

“We remain committed to ensuring that our wildlife resources are managed in a responsible and sustainable manner, for the benefit of present and future generations.”

In the community

Hwange police seek public’s help in locating missing teen

Published

1 month ago

May 15, 2025

VicFallsLive

BY STAFF REPORTER

The Hwange police are urgently seeking the public’s assistance in locating 16-year-old Latoya Lisa Munkuli, who went missing on May 7, this month.

Latoya, a dark-complexioned female juvenile, was last seen leaving her residence in Hwange around 4 pm.

She was wearing a distinctive outfit consisting of green trousers and a white T-shirt, and carried a black satchel. She stands approximately 1.6 meters tall.

Inspector Glory Banda of the Hwange police is leading the investigation and urges anyone with information about Latoya’s whereabouts to come forward.

If you have any information about Latoya’s disappearance, please contact Inspector Banda on 0785961747 or 0771256607.

National

Coal train in flames: NRZ locomotive damaged in fire incident

Published

2 months ago

April 16, 2025

VicFallsLive

BY WANDILE TSHUMA

A National Railways of Zimbabwe (NRZ) locomotive suffered significant damage after catching fire while transporting export coal to Zambi. The incident occurred between Kalala and Matetsi sidings, resulting in the explosion of the locomotive’s fuel tanks.

According to the NRZ press statement on Monday, “A National Railways of Zimbabwe locomotive suffered some damages after it caught fire this afternoon while transporting export coal to Zambia.” Fortunately, the crew members on board managed to escape unharmed.

The NRZ responded swiftly to the incident, dispatching a rescue train with crews to the site. The team successfully extinguished the fire, preventing further damage. However, the locomotive itself sustained considerable damage.

The cause of the fire is yet to be determined, with investigations currently underway. “Investigations are already underway to establish the cause of the fire and the amount of damage to the locomotive,” the NRZ statement read.