Monday, July 19, 2010

From John Robertson

The Consumer Price Index fell fractionally from 95,3 to 95,2 in June after declines in clothing and the prices of telephone equipment. Because the index a year ago started moving up, after its decline every month from January to May 2009, the gap measured by the year-on-year percentage change narrowed from 6,08% to 5,31%. This effect will be repeated in July and August because the index continued to rise in those months too, last year. The slowly weakening rand might also help to slow the rate of increase in Zimbabwean prices of South African-sourced goods in the coming months

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