Harare, Zimbabwe - Annual inflation in Zimbabwe slowed down by 0.5 percentage points in February to three per cent, a government statistics agency reported Wednesday. The Zimbabwe Statistical Agency (Zimstats) said monthly inflation in last month also slowed down 0.5 percentage points to 0.5 per cent. In January, annual inflation stood at 3.5 per cent and monthly inflation at one per cent.

Zimstats said the inflation decline in February was due to a fall in prices of both food and non-food products as the nation started harvesting its main summer crops.

The inflation levels are in sharp contrast to the hyper-inflation rates Zimbabwe was steeped in only three years ago, when this was at one time estimated at one trillion per cent.

Pana 17/03/2011