Zimbabwe Food Prices Raise Inflationary Pressure

23 Aug 2011

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Zimbabwe's year-end inflation target of 4.5 percent has come under pressure from rising food prices. However,   the

government   will not revise its forecast for now, Finance Minister Tendai Biti said on Tuesday.

According to Reuters, he also said GDP growth was still expected to grow by the projected 9.3 percent.

"There is no doubt that we'll be able to meet our GDP growth target of 9.3 percent, which is actually understated," he said.

Tags: Featured, Business, Africa, Tendai Biti, Zimbabwe

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