Zimbabwe's Inflation Rate Drops Below 10% for First Time Since 1997

Zimbabwe's annual inflation rate has decreased to below 10%, marking a significant milestone for the country. Bloomberg posted on X, highlighting this achievement as the first time since 1997 that Zimbabwe has experienced such a low inflation rate. This development is noteworthy for a nation that has historically been associated with hyperinflation and the issuance of trillion-dollar banknotes. The reduction in inflation is seen as a positive step towards economic stability in Zimbabwe.