Zimbabwe: Govt Not in Control of Inflation

THE major factors influencing growth of inflation are both external and internal. Latest figures from Zimstats show that inflation, as measured by the consumer price index, stood at 4,3% year on year for the month of September 2011. Growth was driven by foodstuffs, which account for nearly 30% of the consumer price index, followed by non-alcoholic beverages and utilities (ie rates, water, electricity). According to government targets, inflation is expected to average between 4% - 5% in 2011, well below the Source