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Industry calls for urgent action on USD inflation

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CZI said the inflation movements confirm that US dollar inflation is influenced by ZiG inflation, as retailers adjust their prices in line with ZiG prices to avoid prosecution by the FIU for using the parallel market rates.
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. . . criticises exchange rate enforcementTHE Confederation of Zimbabwe Industries (CZI) has raised concerns over the rising annual US dollar inflation, emphasising the urgent need for stabilisation measures.The industry body pointed out the enforcement of the exchange rate regime by the Financial Intelligence Unit (FIU), citing it as a key driver of inflationary pressures.The…

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