Zim's inflation down

Zimstats also announced that the month on month inflation rate rose by 0.1 percent to 0.2 percent in October from that of September this year.

“The year on year inflation rate (annual percentage change) for the month of October 2010 as measured by the all Consumer Price Index (CPI) stood at 3.6 percent , shedding 0.6 percentage points on the September 2010 rate of 4.2 percent,” Zimstats said.

“This means that prices as measured by the all items CPI increased by an average of 3.6 percentage points between October 2009 and October 2010.”

“The month on month inflation rate (monthly percentage change) in October 2010 was 0.2 percent gaining 0.1 percent on the September 2010 rate of 0.1 percent,” Zimstats said.

The food poverty datum line for October was US 141 dollars while the food and non food poverty datum line stood at US 462 dollars, it was announced.

The food poverty line measures only the food that a family of five requires in a month while the food and non food poverty datum line measures food and non food requirements for a family of five in a month.

“The Food Poverty Line (FPL) for an average of five persons in October 2010 was $141.00. The Total Consumption Poverty Line (TCPL) for an average of five persons stood at $462 in October 2010,” Zimstats said.

Though the economy has stabilized and inflation running in lower single digits, there are Zimbabweans who are still surviving on less than one US dollar a day.