Zimbabwe’s inflation rate has doubled in the month of June from the month of May. Annual inflation accelerated to 175.7% from 97.9% in May, the statistics office said.
Prices rose 39.3% in the month.
Due to this development, Econet Wireless Zimbabwe has increased its data bundle and SMS pricing by between 30 and 50 percent.
With the new tariff, a WhatsApp plus Pinterest bundle will now cost $12 per month, up from $8 previously.
A 3.1GB data bundle will now cost $150 from $100 before the latest adjustment.
Econet’s new data portfolio now offers a wider selection as it now gives subscribers more bundles to choose from, including Instagram, Twitter, WhatsApp and Facebook combined with Snapchat while still offering daily, weekly, and monthly bundles.
Techunzipped reported last month that the Zimbabwe dollar is now the only acceptable medium of exchange for local transactions.
This effectively sidelines the multiple currency regime that Zimbabwe has been using alongside the bond notes and the recently introduced RTGS$ currency.
In a Statutory Instrument (SI) at the time, Ncube gazetted the official side-lining of the SA Rand, Botswana Pula and US Dollar as legal tender.