Hating Inflation? Follow Zimbabwe’s Playbook to Make it Go Away
- Inflation slows after methodology focuses on US dollar use
- Change trims inflation rate from above 175% in June to sub-20%
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Zimbabwe, long a poster child for runaway inflation, has raised eyebrows by declaring a dramatic slowdown in price pressures.
The National Statistics Agency on Thursday announced the annual rate of inflation fell to 18.4% in September, compared with 77.2% a month before, after it revised the methodology used to calculate the number.