The Consumer Council of Zimbabwe (CCZ) said that the family basket currently stands at US$501,36, which is beyond the reach of many families in Zimbabwe.
The Zimbabwe Independent paper, business digest indicated that Zimbabwe monthly consumer inflation rose to 1% in July from 0.6 % in June. This inflationary rate is logic and indicates that Zimbabwe need to stick to the dollarization to revive its economy.
The Central Statistical Office (CSO) reflected that Zimbabwe’s month to month inflation returned to single digit after government abandoned the local currency in January 2009. Most food outlets shelves are full packed with basic commodities at reasonable cost. Most people have hailed the improvement by big shops to acquire the basic goods and selling them at reasonable cost.
In Zimbabwe at the moment the ordinary people suffers from poor remuneration to buy all their necessities. Most Zimbabwe working classes are earning far less than the currently pegged bread basket of a family of five. The issue of comparing US dollar against rand has disadvantaged most people especially in Gweru and Bulawayo. Big shops such as Town & Country, OK, Innscor, TM and many more have a tendency of setting two different prizes using US dollars and rand.
Zimbabwe which calculates inflation in US dollars after abandoned its own currency need to implicate vibrant measures to curb inflation rate. The central governor Gideon Gono as quoted in “The Standard “, as intending to introduce the local currency(Zimbabwe dollar) should consider the plight of ordinary people. It is illogic to talk of Zimbabwe dollar when our economy is in a recovering process
