Personal Finance

Poverty datum line shoots beyond $3,000 for October: ZimStat

An average Zimbabwean family required at least $3 160 in October this year to meet its basic needs for it not to be deemed poor, a 44.2 percent jump from the previous month, data released on Wednesday shows.

In September, the same family needed at least $2 192, according to the Zimbabwe National Statistics Agency (Zimstat).

The surge reflects a continued increase in the prices of goods and services, after the figure jumped from $1 827 in August.

“The TCPL ((Total Consumption Poverty Line)for an average of five persons stood at $3, 159.52 in October 2019. This means that an average household required that much to purchase both food and non-food items for them not to be deemed poor,” Zimstat said.

“This represents an increase of 44.2 percent when compared to the
September2019 figure of $2, 191.62.”

The TCPL is commonly referred to as the Poverty Datum Line (PDL).

While the quantities of commodities in the food basket is fixed, Zimstat said the PDL varied by province, with the lowest being $2 904 in Mashonaland Central and Matabeleland North being the highest at $3 359.

During the same month, an individual required $271 to meet the barest
minimum of requirements, up from $177 the previous month.

The continued rise in the cost of living places the majority of workers below the PDL as many of those in formal employment are earning below $1 000.

Government is facing pressure from its employees who recently declared
that they were incapacitated to come to work due to the continued rise
in the cost of living against stagnant incomes.

SEND US FEEDBACK: zimbabwevoice1@gmail.com OR, better still, CLICK HERE TO JOIN ONE OF OUR WHATSAPP GROUPS for the latest news!
Tags

Related Articles

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker