Business Main News

Food prices drop in Zimbabwe

Prices of goods dropped in Zimbabwe between September and October, the Consumer Council of Zimbabwe (CCZ) has said.

However, the food basket decreased by a mere $1,56 from $572,78 in September to $571,02 in October.

CCZ said detergents dropped by 20 cents from $11,75 to $11,55, a 2kg packet of sugar fell to $1,85 from $1,91, tea leaves went down to $1,73 from $1,88.

The price of cooking oil stood at $1,39 for a 750ml bottle from $1,46, while rice prices declined to $1,65 for a 2kg packet from $1,79,

Bread also dropped from a average of 78 cents to 65 cents.

However, statistics released CCZ in July indicated that the cost of living went up by 0,09 % to $567,91 by the end July 2016.

That suggested that there had been a general increase in prices of food items that constitute the consumer basket.

The cost of living is determined by assessing an average low income urban earners’ monthly basket for a family of six.

Exit mobile version