An economist says inflation and the Exchange rates tend to be the foundation of a stable economy in terms of the cost of goods and services.
Yusuf Dodia says he hopes that these rates remain stable in 2019 as they entail that prices of Goods and services will remain stable.
He notes that the challenge for 2018 was the currency rate as the inflation rate remained stable with an increase of about 1%, which means prices remained relatively stable.
In an interview with Money FM News, Mr. Dodia says businesses need to be more strategic on how they operate this year adding that should be cost effective and see which areas they can find more opportunities.
He says they should also know where the challenges are.
According to the Central Statistical Office the Year on year Inflation rate for the month of December 2018 increased to 7.9 percent from 7.8 percent recorded in November.
CSO Acting Director for Census and Statistics Goodson Sinyenga said this meant that on average prices of food and services increased by 7.9 percent between December 2017 and December 2018.

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