The annual inflation rate in Zimbabwe climbed to a record high of 521.2 percent in December 2019 from 480.7 percent in the prior month, mainly due to higher prices of food & non-alcoholic beverages (719 percent vs 672 percent in November) amid shortages of basic food including maize and corn amid the worst drought in almost 40 years. Also, cost continued to rise for housing & utilities (269.5 percent vs 189.3 percent), reflecting hikes in electricity tariffs introduced in October to boost revenue for more power supply. Shortages of hydropower-produced electricity have left the country unable to produce enough energy to meet requirements.
Inflation Rate in Zimbabwe averaged 25.28 percent from 2009 until 2019, reaching an all time high of 521.20 percent in December of 2019 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.
Inflation Rate in Zimbabwe is expected to be 225.00 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 50.00 in 12 months time. In the long-term, the Zimbabwe Inflation Rate is projected to trend around 20.00 percent in 2020, according to our econometric models.