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Consumer Now Poorer

DR Gono, what are you doing to us? On Friday August 1, at a supermarket in Greencroft, an item was priced at $19. On Monday August 4, the same item cost $370 an increase of 1 850%.

 

Now if the price is going to increase every four days at this rate, at the end of August the same item will cost a whopping $20 370 227 553.

Either way the zeros are back by the end of August. Who is the winner here? The guys collecting VAT and the shop owner. Who is the loser? Simple, the consumer is left poorer. Why did you go through the exercise in the first place?

Poorer,

Harare.

 

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