STAFF WRITER
Zimbabwe’s annual inflation shed 46.48 percentage points in April to close the month at 194.07%, the Zimbabwe National Statistics Agency (ZimStats) said.
Inflation stood at 240.55% in March.
The drop points to a reduction in the rate of prices of goods and services largely due to a stable exchange rate.
The country’s official statistics agency said month-on-month inflation also slowed down during the month to 1.58% from 2.26% in March.
Zimbabwe’s inflation, which peaked to 876% in May last year, has been on the downward trend since the introduction of the foreign currency auction system in June.
