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HARARE, Zimbabwe (AP) - Zimbabwe's government will allow hotels, restaurants and bars to raise their rates by up to 50 percent, state media reported Saturday, in a relaxation of a price-cutting policy aimed at taming soaring inflation rates in the economically beleaguered country.
Prices of accommodation and meals had been slashed by half two months ago under a sweeping decree that ordered price cuts on all goods and services. The new rates, announced by the Zimbabwe Tourism Authority, initially will be valid until Sept. 30, the state Herald newspaper reported.
The latest announcement came just two days after a decree from President Robert Mugabe freezing wages and school fees and striking down legal provisions allowing them to be linked to the state's own consumer price index on inflation.
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