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.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Zimbabwe Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
521.20 480.70 521.20 -7.50 2009 - 2019 percent Monthly
2019M2=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-04-15 12:20 PM Mar 66.8% 59.39% 64%
2019-05-15 08:40 AM Apr 75.86% 66.8% 68%
2019-06-17 07:00 AM May 97.85% 75.86% 90%
2019-07-15 07:45 AM Jun 175.66% 97.85% 99%
2020-02-14 08:00 AM Jan 600%


News Stream
2019-07-15
Zimbabwe Inflation Rate Hits New Decade High
The annual inflation rate in Zimbabwe jumped to 175.66 percent in June 2019 from 97.85 percent in the previous month. It was the highest inflation rate since series began in December 2009, due to a general rise in prices, in particular fuel costs. The Zimbabwe government has hiked fuel prices several times in 2019, starting with a 150 percent increase in January amid persistent fuel shortages and the country's worst economic crisis in a decade. On a monthly basis, consumer prices soared 39.26 percent, also the sharpest advance since at least 2009.

2019-06-17
Zimbabwe Inflation Rate at Decade High of 97.9% in May
The annual inflation rate in Zimbabwe jumped to 97.85 percent in May of 2019 from 75.86 percent in the previous month. It was the highest inflation rate since series began in December of 2009, due to a general rise in prices, in particular fuel prices which were raised near 50 percent during the month. Headline inflation has been on an upward trend since last October, as Zimbabweans face shortages of food, fuel and foreign currency. On a monthly basis, consumer prices soared 12.5 percent, up from a 5.5 percent gain in the prior month.

2019-05-15
Zimbabwe Inflation Rate Hits High of 76% in April
The annual inflation rate in Zimbabwe soared to 75.86% in April 2019 from 66.8% in the prior month. Headline inflation has been on an upward trend since October last year amid worsening economic conditions characterised by shortages of fuel, power, food and foreign currency. The reading reflected a generalised rise in prices, as a weakening local currency motivates retailers to peg prices in line with parallel market rates. Prices climbed mostly for food & non-alcoholic beverages (92.4% vs 78.4% in March); housing & utilities (22.9% vs 22.1%); transport (130.2% vs 122.2%); miscellaneous goods & services (82.5% vs 73.9%) and clothing & footwear (115.1% vs 102.7%). On a monthly basis, consumer prices advanced 5.52 percent, up from 4.38 percent in the prior month.

2019-04-15
Zimbabwe Inflation Rate Hits 66.8% in March
The annual inflation rate in Zimbabwe peaked to 66.8 percent in March 2019 from 59.39 percent in the previous month. It was the highest inflation rate since the hyperinflation was reported in 2009 as the price of food & non-alcoholic beverages increased 78.4 percent (69.8 percent in February). The inflation has been on the upward trend since October as the country run out of dollars due to fiscal indiscipline and a high import bill relative to export receipts. On a monthly basis, consumer prices fell 34.4 percent, following a 1.67 percent rise in February. The Finance minister recently announced that the country would have a "new, fully-fledged currency” within the next 12 months to ease the cash shortages on the market. At the same time, there were reports that most big supermarkets and other retail shops around the country have hiked the prices of basic consumer goods.

2019-03-15
Zimbabwe Inflation Rate Accelerates Further to 59.39%
The annual inflation rate in Zimbabwe increased to 59.39 percent in February of 2019 from 56.9 percent in January. The inflation hit a new high since at least December of 2009, due to rising prices for basic goods. On a monthly basis, consumer prices went up 1.67 percent, following a 10.75 percent jump in January. The inflation surged in October last year amid a dollar shortage. The central bank governor recently said inflation is seen falling to between 10 and 15 percent by the end of the year.

2019-02-15
Zimbabwe Inflation Rate Surges to 56.9% in January
The annual inflation rate in Zimbabwe climbed to 56.9% in January of 2019 from 42.09% in the prior month. It is the highest inflation rate since at least December of 2009, as prices rose further for basic goods. "The major driver of inflation during 2018 is the pass-through from the parallel exchange rate, which despite stabilising has been gradually feeding into the pricing of goods and services," the minister of Finance Mthuli Ncube said last week in a speech at the Zimbabwe National Defence University. He added that "businesses and individuals who cannot get foreign currency under the central bank's priority list allocation framework resort to buying the hard currency on the black market". The country abandoned its own currency in 2009 in favour of foreign currencies, mainly the US dollar, after it was hit by hyperinflation. On a monthly basis, consumer prices increased 10.75% in January from 9.03% in the prior month.


Zimbabwe Inflation Rate
In Zimbabwe, the four main components of the consumer price index are: Food and Non-Alcoholic Beverages (31.3 percent of total weight); Housing and Utilities (27.6 percent); Transport (8.4 percent) and Miscellaneous Goods and Services (6.5 percent). Others include: Household Contents, Equipment and Maintenance (5.3 percent); Alcoholic Beverages and Tobacco (4.9 percent); Clothing and Footwear (4.3 percent) and Education (4.3 percent). Communication, Recreation and Culture, Health and Restaurants and Hotels account for the remaining 7.5 percent of total weight.

Zimbabwe Prices Last Previous Highest Lowest Unit
Inflation Rate 521.20 480.70 521.20 -7.50 percent [+]
Food Inflation 719.23 671.86 353131459.30 -15.10 percent [+]
Inflation Rate Mom 16.55 17.50 39.26 -3.00 percent [+]
Cpi Housing Utilities 344.40 262.40 344.40 63.20 points [+]
CPI Transportation 534.10 477.70 534.10 36.30 points [+]
Consumer Price Index Cpi 551.60 473.30 551.60 54.90 points [+]