💨 Abstract

Zimbabwe's inflation rate dropped to 4.1%, the first single-digit rate since 1997. This was achieved through tighter monetary policies, reduced government spending, and controls on the local currency, ZiG. Measures included limiting new currency issuance, stabilizing the exchange rate, and enforcing local currency use. While these steps helped cool prices, critics argue they may not address underlying economic issues. Improved food supply and a base effect from previous price spikes also contributed to the decline.

Courtesy: Dumani Moyo