Monday, June 9, 2025
No Result
View All Result
News Report  Zimbabwe
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News
No Result
View All Result
News Report  Zimbabwe
No Result
View All Result
Home News

Zimbabweans need over ZWL$400k a day to survive

March 4, 2024
0
Zimbabweans need over ZWL$400k a day to survive

AN average Zimbabwean now requires over ZWL$400 000 a day to survive, latest Zimbabwe National Statistics Agency (ZimStat) Food Poverty Line (FPL) figures show.

The FPL, which represents the amount of money that an individual requires to afford a daily minimum energy intake of 2 100 calories, went up 178,4% last month.

ZimStat uses the consumer basket for an individual deemed to be poor to calculate the poverty line.

In the meantime, the Total Consumption Poverty Line (TCPL), which represents the minimum total income needed for an individual not to be deemed poor, went up 177,8%.

“The Food Poverty Line for one person in February 2024 was ZWL$432 454,90. This means that the minimum needs basket cost that much per person in February 2024. This represents an increase of 178,4% over the January 2024 figure of ZWL$155 360,39,” ZimStat prices statistics manager Thomas Chikadaya said while presenting the findings last week.

“The Total Consumption Poverty Line (TCPL) for one person was ZWL$552 745,80 in February 2024. This means that an individual required that much to purchase both non-food and food items as at February 2024 in order not to be deemed poor. This represents an increase of 177,8% when compared to the January 2024 figure of ZWL$198 981,37.”

The depreciation of the local currency against foreign currencies has further worsened Zimbabweans’ economic situation.

The Zimdollar is currently trading at 1:14 000 against the US$ at the official market and 1:15 600 in supermarkets and 1:20 500 at the parallel market rate.

According to ZimStat, the month-on-month inflation rate for February 2024, was 5,4%, shedding 1,2 percentage points on the January 2024 rate of 6,6%.

“For the month of February 2024, the CPI [Consumer Price Index] for food and non-alcoholic beverages had the highest contribution to the month-on-month change in index (inflation rate) of 3,5%, followed by housing, water, electricity, gas and other fuels with a contribution of 1,4%,” Chikadaya said.

Government recently introduced a raft of taxes which have seen the cost of living ballooning.

“The year-on-year inflation rate for the month of February 2024, as measured by the all-items Consumer Price Index (CPI), was 47,6%,” he said.

Prominent United States economist Steve Hanke recently revealed that the local currency has depreciated 95% against the US dollar since January 1, 2023.

Source NewsDay

Tags: FPLZimStat

Related Posts

Two Zimbabwean Care Home Workers in the UK attacked, one killed

Two Zimbabwean Care Home Workers in the UK attacked, one killed

by Nyathi
June 7, 2025
0

A devastating attack on two Zimbabwean care home workers has left the community in shock and grief. Charity Kaseke, 24,...

Bulawayo Prison Horror-20 Years for Gang Assault

Stranded in Zimbabwe- The Plight of South African Nationals

by Nyathi
June 7, 2025
0

In the sweltering cells of Harare Remand Prison, a group of South African nationals are languishing, their lives put on...

Masvingo Council Official Takes His Own Life

Masvingo Council Official Takes His Own Life

by Nyathi
June 6, 2025
0

A shocking incident has rocked the Masvingo community after Pius Nyatsanza, the Planning and Economic Affairs Executive Officer for Masvingo...

Nephew Butchers  Uncle Over  Goat

Nephew Butchers Uncle Over Goat

by Nyathi
June 6, 2025
0

A chilling incident has shaken the village of Chinyama in Muzarabani, leaving a trail of death and destruction in its...

Truck Driver Loses Life in Brutal Robbery Attack

Truck Driver Loses Life in Brutal Robbery Attack

by Nyathi
June 5, 2025
0

A tragic incident has shaken the transport industry after a truck driver succumbed to severe injuries sustained in a violent...

Hyena Attack Leaves Man Fighting for Life

Hyena Attack Leaves Man Fighting for Life

by Nyathi
June 5, 2025
0

A terrifying encounter between a man and a hyena has left the community in shock. Wiseman Ngozo, a resident of...

Please login to join discussion

Trending News Today

  • Two Zimbabwean Care Home Workers in the UK attacked, one killed

    Two Zimbabwean Care Home Workers in the UK attacked, one killed

    161 shares
    Share 64 Tweet 40
  • ZEP Holders Breathe a Sigh of Relief as SCA Rules in Their Favor

    154 shares
    Share 62 Tweet 39
  • Sangoma Turns to Lion Snack

    164 shares
    Share 66 Tweet 41
  • Its Open Season for Witch Hunters ‘Tsikamutandas’ – TMPC, Police Join Forces

    74 shares
    Share 30 Tweet 19
  • Police Officer Flees After Suspect’s Death

    24 shares
    Share 10 Tweet 6
  • Love Triangle Gone Wrong: Ex-Minister Almost Loses Life in Jealous Rage

    23 shares
    Share 9 Tweet 6
  • Widow Caught in Bed With Lover a Week After Burying Husband

    205 shares
    Share 82 Tweet 51
  • GOVERNMENT BANS DEADLY MUSOMBODHIYA BREW

    20 shares
    Share 8 Tweet 5
  • Man Almost Killed Over Booze Refusal

    20 shares
    Share 8 Tweet 5
  • Taraji P. Henson Steals the Show in Tyler Perry’s Netflix Drama “Straw”

    19 shares
    Share 8 Tweet 5

Popular This Week

  • Widow Caught in Bed With Lover a Week After Burying Husband

    Widow Caught in Bed With Lover a Week After Burying Husband

    205 shares
    Share 82 Tweet 51
  • Sangoma Turns to Lion Snack

    164 shares
    Share 66 Tweet 41
  • Two Zimbabwean Care Home Workers in the UK attacked, one killed

    161 shares
    Share 64 Tweet 40
  • ZEP Holders Breathe a Sigh of Relief as SCA Rules in Their Favor

    154 shares
    Share 62 Tweet 39
  • The Turbulent Life of President Mnangagwa: A Story of Helicopters, Close Calls, and Air Force Angst

    143 shares
    Share 57 Tweet 36
  • Pastor’s Pulpit Shame- Church Leader Caught in Love Triangle

    143 shares
    Share 57 Tweet 36
  • Fatal Dog Attack Exposes Mike Mupinga’s Troubling Past

    278 shares
    Share 111 Tweet 70
  • COVID-19 Variant Alert: WHO Urges Global Vigilance

    116 shares
    Share 46 Tweet 29
  • The Fake Doc- “Take Lacto And Fruits Three Times a Day”

    114 shares
    Share 46 Tweet 29
  • Serial South African Killer Escapes To Zimbabwe

    112 shares
    Share 45 Tweet 28

Popular This Month

  • How to Legally Avoid Paying the US$92 ZBC Radio Licence Fee in Zimbabwe

    How to Legally Avoid Paying the US$92 ZBC Radio Licence Fee in Zimbabwe

    604 shares
    Share 242 Tweet 151
  • Bulawayo Police Bust Vuzu Party, Arrest 13 Youths

    325 shares
    Share 130 Tweet 81
  • Unhealed Wounds-Remembering the 21 Mothers of Emkhonyeni Who Were Burnt Alive

    315 shares
    Share 126 Tweet 79
  • Fatal Dog Attack Exposes Mike Mupinga’s Troubling Past

    278 shares
    Share 111 Tweet 70
  • Apostle Eunor Guti Declines Wicknell Chivayo’s Lavish Gift

    274 shares
    Share 110 Tweet 69
  • Loophole or Legal Gymnastics? Zimbabwean Schools Find Ways Around Fee Payment Rule

    248 shares
    Share 99 Tweet 62
  • The Despicable Scam at Zimbabwe’s Hospitals; Its Business Nothing Personal.

    241 shares
    Share 96 Tweet 60
  • New ‘ lobola’ Fees for Foreigners Seeking Medical Care in Gauteng

    241 shares
    Share 96 Tweet 60
  • Philanthropy or Publicity Stunt? Wicknell Chivayo’s Lavish Gift to Jah Prayzah’s Team

    213 shares
    Share 85 Tweet 53
  • Widow Caught in Bed With Lover a Week After Burying Husband

    205 shares
    Share 82 Tweet 51

Most Read Stories

  • “Zimbabwe Is Discrediting SADC”

    ZANU PF Accused Of Bribing SADC Elders To Retain From Losing Power

    5239 shares
    Share 2096 Tweet 1310
  • Madzibaba gets Toyota Aqua after explaining new currency ZiG to church

    4533 shares
    Share 1813 Tweet 1133
  • Breaking News: Zimbabwe launches New Currency (Zig)

    4279 shares
    Share 1712 Tweet 1070
  • Guide : How to access 2023 Zimsec Ordinary O Level results online

    3973 shares
    Share 1589 Tweet 993
  • Uganda Police Officer Shoots Wife Dead After Mocking Him Over Man-U Loss

    3894 shares
    Share 1558 Tweet 974
  • Floods hit Gweru

    3593 shares
    Share 1437 Tweet 898
  • Mashura pa Gokwe musi wa 12.02.24

    3544 shares
    Share 1418 Tweet 886
  • Secret message for ED after his inauguration

    3481 shares
    Share 1392 Tweet 870
  • Heatwave Warning:Expect Extremely hot temp ranging from 36° to 41° until 12 March

    3394 shares
    Share 1358 Tweet 849
  • Here is the reckless Kombi Driver!!!!!!!!!!! See pics here

    3218 shares
    Share 1287 Tweet 805

  • About Us
  • Contact Us
  • FAQ
  • Privacy Policy
  • Terms of Service
  • Home

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News