Zimbabwe’s Inflation Rate Fell to 3.6% in October

Zimbabwe’s inflation slowed to 3.6 percent in October from 4.2 percent in September, said Moffat Nyoni, head of the country’s statistics agency.\r\n

The costs of medicines, rent, utilities and alcoholic beverages have fallen over the last 12 months, helping to reduce the inflation rate, Nyoni said in a telephone interview today from Harare, the capital.

Month-on-month inflation increased to 0.2 percent from 0.1 percent because of a stronger rand in neighboring South Africa, the main source of Zimbabwean imports, Nyoni said.