Saturday, August 20, 2022

Zimbabwe's Cost of Living

Zimbabwe’s inflation shot from 96 percent to 132 percent in May, with food inflation alone climbing from 104 percent to 155 percent. The country’s monthly inflation spiked from 15.5 percent in April to 21 percent in May.

Bread now costs 1,30 USD in Zimbabwe, up from 0,90 cents five years ago.  The cost of a kilogram of choice beef has risen to 9 USD, while five kilograms of chicken drumsticks now cost 21,000 Zimbabwean dollars, about 22 USD.

In May 2022, the Consumer Council of Zimbabwe said a family of five required 120 000 Zimbabwean dollars a month in local currency to survive, about 300 USD. Still, it could be much higher this time amid ever-rising inflation.

World Food Program Southern Africa Director Menghestab Haile, in May this year, urged Zimbabwe and surrounding countries to increase food production.

“SADC region has water, has land, has clever people, so we are able to produce in this region. Let’s diversify and let’s produce for ourselves,” WFP’s Haile said then.

Starvation Pounds Inflation-Hit Urban Zimbabweans | Inter Press Service (ipsnews.net)

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