Zimbabwe's monthly inflation slows to 1.1 pct-Xinhua

Zimbabwe's monthly inflation slows to 1.1 pct

Source: Xinhua| 2023-02-02 09:35:30|Editor: huaxia

HARARE, Feb. 1 (Xinhua) -- Zimbabwe's month-on-month inflation rate slowed to 1.1 percent in January from 2.4 percent a month earlier, according to government statistics.

Year-on-year inflation fell to 229.8 percent in January from 243.8 percent in December, the statistics showed.

Amid the constant threat of hyperinflation, the Zimbabwean government has vowed to continue with its tight fiscal and monetary policy measures to keep inflation under control.

The government said it is targeting to keep monthly inflation, which has been trending downward for the past few months, at between 1-3 percent in 2023.