Sunday, April 05, 2009

US dollar eases inflation

from AlJezeerah:

Zimbabweans have seen a slight fall in the price of everyday items since the government allowed shops to abandon the local currency in favour of the US dollar, government figures indicated.

The data showed consumer prices fell in the first two months of the year, media reports on Friday said, raising hopes that there could be an end to the country's rampant hyper-inflation.

Data from the Central Statistical Office showed inflation at -3.1 per cent on a monthly basis in February and -2.3 per cent in January....

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