Zimbabwe’s year-on-year inflation rate for the month of June 2020 as measured by all items Consumer Price Index stood at 737.26%, a 6.1% decline from the May figure of 785.55%, according to latest figures from the Zimbabwe National Statistical Agency.

ZimStats said the Consumer Price Index for the month ending June 2020 stood at 1,445.21 compared to 1,097.65 in May 2020 and 172.61 in June 2019.

The month-on-month inflation rate in June was 31.66% gaining 16.53 percentage points on the May 2020 rate of 15.23%.

The national statistical body has introduced a blended CPI, which means that it is now also measuring the combined price changes of goods and services in both US dollars and Zimbabwe dollars to come up with a blended inflation rate and CPI.

The agency said in terms of the blended CPI for June 2020, the month on month inflation rate in June 2020 was 29.44% gaining 15.91 percentage points on the May rate of 13.53%

While the year-on-year inflation rate for the month of June 2020 as measured by all items blended CPI stood at 457.19%.

The blended CPI for the month ending June 2020 stood at 557.19 compared to 430.45 in May 2020 and 100 in June 2019.