Reuters AlertNet - ZIMBABWE: Cost of living soars for urban families: "ZIMBABWE: Cost of living soars for urban families
05 Oct 2005 19:06:20 GMT
Source: IRIN
BULAWAYO, 5 October (IRIN) - Galloping inflation is sapping the purchasing power of urban Zimbabweans, according to a new report by the country's consumer watchdog.
The Consumer Council of Zimbabwe (CCZ) said on Wednesday that basic expenditure for an urban family of six had shot up from about Zim $6.9 million (US $265) in September to Zim $9.9 million (US $380) in October.
CCZ spokesperson Tonderai Mukeredzi blamed the cost of living hike on rocketing prices of basic items like sugar, maize-meal, rice, cooking oil and school fees in the past few weeks."
Thursday, October 06, 2005
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