Commercial Farmers' Union of Zimbabwe

Commercial Farmers' Union of Zimbabwe

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Zimbabwe inflation eases to 2.7%

Zimbabwe inflation eases to 2,7%

HARARE, ZIMBABWE – Apr 15 2011 13:38

Zimbabwe’s inflation eased in March to 2,7%, down from 3% in February, 
thanks to lower prices for telecommunications and medicine, the government 
said on Friday.

The Southern African country suffered a decade of runaway prices amid 

The economy stabilised after the government abandoned the worthless local 
currency in 2009, allowing trade in US dollars and other major foreign 

The formation of a power-sharing government in 2009 by the main political 
rivals, President Robert Mugabe and Morgan Tsvangirai, has also brought 
stability to the economy.

But foreign investors have maintained a wait-and-see stance amid concerns 
over new equity regulations that seek to give locals majority stakes in 
foreign-owned companies. — AFP


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