Accountants Ernst & Young said part of the accounts do not meet standards of reporting in hyperinflation conditions, especially as they relate to the use of the official exchange rate. But Simbisa said the report does not consider the “deficiencies” of the auction, introduced mid-last year. ...
Annual inflation slowed to 194% last month from 240% in March, official data showed last week. Authorities have failed to explain how the rate has been tapering off in the midst of a wave of price hikes and exchange volatilities that have continued on the parallel market since January. But...
He said the committee noted with great satisfaction the reduction in inflation, which has further fallen from 240, 1% in March 2021 to 194% in April 2021."The committee reaffirmed its commitment to sustaining the disinflationary path to the end of the year and expects year-on-year inflation...