July 17, 2017 / 9:08 AM / 8 days ago

Zimbabwe's inflation slows to 0.31 percent y/y in June

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A woman buys tomatoes from a street vendor, where the city council has banned the sale of food by street vendors following a typhoid outbreak in central Harare, Zimbabwe January 12, 2017.Philimon Bulawayo

HARARE (Reuters) - Zimbabwe's inflation rate slowed to 0.31 percent year-on-year in June from 0.75 percent in May, data from the national statistics agency showed on Monday.

On a month-to-month basis, prices fell by 0.24 percent after increasing 0.03 percent previously, Zimstats said.

The International Monetary Fund has forecast that inflation in Zimbabwe will quicken to 7 percent by December and to 10 percent by the end of next year. [nJ8N1JJ010]

Reporting by MacDonald Dzirutwe; Editing by James Macharia

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