Zimbabwe Inflation slows down

Harare – Zimbabwe November inflation slowed by 0.9 percentage points to -0.1 percent , the Central Stastics Office (CSO) said Friday.

"The month on month inflation  rate (monthly percentage change) in November 2009 was -0.1 percent shedding 0.9 percentage points on the October 2009 rate of 0.8 percent," the CSO said.

"This means that prices as measured by the all items CPI decreased by an average of 0.1 percent from October 2009 to November 2009."

"The month on month food and non alcoholic beverages inflation stood at 0.12 percent in November 2009 shedding 0.19 percentage points on the October rate of 0.31 percent.The month on month non- food inflation stood at -0.15 percent shedding 1.18 percentage points on the October rate of 1.03 percent."

Zimbabwe inflation slowed from multiples of millions in February when the country adopted the multiple currency system in February when President Robert Mugabe and Prime Minister Morgan Tsvangirai formed a unity government.

Inflation has been below two percent since then stabilising consumer prices.In February the inflation rate was -3.1 percent.

Finance Minister Tendai has priojected that economy will grow by 5.7 percent by the year end.