Family food basket hits Z$72 967
The Consumer Council of Zimbabwe (CCZ) basket for a family of six increased by 25,19% from November to December to now require Z$72 967 for a family to meet their basic needs.
The consumer lobby group attributed the increases to service providers who are consistently adjusting their prices to factor in exchange rate movements and transaction costs of buying forex on the parallel market.
“The family basket for a low-income earner for a family of six as measured by the Consumer Council of Zimbabwe increased from ZW$58 284 recorded in the month of November 2021 to $72 967 indicating an increase of 25,19%,” CCZ said.
“The increase to December 2021 can be attributed to education expenses, mainly school uniforms, which increased by 229,33 % from ZW$3750 to $12 350. Inflation was the major driver so was the increase of fuel and influence of the exchange rate and speculation by consumers which fuelled demand during the festive season. Most consumers were hoarding groceries in anticipation of price movements,” CCZ said.
