Iran press/Africa: Annual consumer-price growth quickened to 4,29% in July from 2.9% in June, according to figures from the National Statistics Agency. This is the highest rate since 2012, when the country rebased its Index.
Upward pressures on inflation were from food and non-alcoholic beverages at 6.35%, whilst the non-food inflation rate was 3.33%.
The price of food jumped 6.26% since July 2017, driven largely by meat inflation at 9,70%, vegetables at 9.16% and bread and cereals at 2.40%.
Non-alcoholic beverages inflation came out at 8.08%.
Zimbabwe has been experiencing foreign currency challenges, with some economic players accessing foreign currency at premiums as high as 80%.
In 2018, government has budgeted for an even larger budget deficit, at $672m, with experts also ultimately expecting a large variance.
