Zimbabwe's annual consumer price inflation eased to 321.6 percent in February of 2020 from 362.3 percent in the prior month, reaching its lowest level since January of 2020. Inflation has maintained a downward trend since August, following the introduction of a foreign exchange auction trading system which brought stability to the foreign exchange market. On a monthly basis, consumer prices went up 3.45 percent, following a 5.43 percent rise in the previous month. The central bank has forecast annual inflation will end the year below 10 percent, on the back of sustained economic stability coupled with strict management policies. source: Reserve Bank of Zimbabwe
Inflation Rate in Zimbabwe averaged 80.77 percent from 2009 until 2021, reaching an all time high of 837.53 percent in July of 2020 and a record low of -7.50 percent in December of 2009. This page provides the latest reported value for - Zimbabwe Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Zimbabwe Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Inflation Rate in Zimbabwe is expected to be 240.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Zimbabwe to stand at 20.00 in 12 months time. In the long-term, the Zimbabwe Inflation Rate is projected to trend around 7.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.