Cost of living in Zim rises

2010-12-09 07:21

The cost of living for an average urban Zimbabwean family of six rose by $8 (R55) to $499 in November reflecting a 0.01% increase on the previous month, Zimbabwe’s Herald Online reported today.

The change was driven by rising food prices, the Consumer Council of Zimbabwe said.

The council said the cost of the food basket increased by 0.04 from $137 in October to $143 last month.

The cost of the food and detergents basket increased from $147 in October to $155 in November.

Generally, the council said, most of the products in the urban family of six consumer basket increased and these included margarine, tea leaves, fresh milk, bread, flour, onions, cabbages, white sugar, cooking oil, salt and meat.

While retailers cite the strengthening rand against the greenback for rising prices, since Zimbabwe imports most basic products from South Africa, the council attributes this to the traditional behaviour of retailers towards the festive season.

“For some time now the rand has been very strong against the dollar, but the council is concerned that the increase in the food basket may be attributed to the traditional behaviour of supermarket towards the festive season,” the council executive director Rosemary Siyachitema said.?

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