The annual inflation rate in Zimbabwe eased for the first time in five months to 737.3 percent in June of 2020 from 785.6 percent in the previous month. However, consumer prices surged 31.7 percent from the previous month, the most since last October, after rising 15.1 percent in May. The country's economy has been struggling for years, hit by massive inflation as well as food and fuel shortages. The situation was aggravated by the global pandemic with bankers, nurses, doctors and other health-care professionals recently demanding to be paid in US dollars in a bid to cushion them from soaring inflation and a depreciating currency. Already in June, Finance Minister Mthuli Ncube raised salaries for government workers by 50% in an attempt to stop a nurses'strike at a major government hospital in the capital Harare.

Inflation Rate in Zimbabwe averaged 53.07 percent from 2009 until 2020, reaching an all time high of 785.55 percent in May 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 August of 2020.

Inflation Rate in Zimbabwe is expected to be 400.00 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 18.00 percent in 2021 and 14.00 percent in 2022, according to our econometric models.

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Zimbabwe Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
737.26 785.55 785.55 -7.50 2009 - 2020 percent Monthly
2019M2=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-14 12:30 PM Mar 676.39% 540.16% 680%
2020-05-29 12:30 PM Apr 765.57% 676.39% 760%
2020-06-16 06:30 AM May 785.55% 765.57% 740%
2020-07-14 12:15 PM Jun 737.26% 785.55% 850%
2020-08-14 08:00 AM Jul 737.26% 700%
2020-09-15 08:00 AM Aug
2020-10-15 08:00 AM Sep 400%
2020-11-16 08:00 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Zimbabwe Inflation Rate Softens to 737% in June
The annual inflation rate in Zimbabwe eased for the first time in five months to 737.3 percent in June of 2020 from 785.6 percent in the previous month. However, consumer prices surged 31.7 percent from the previous month, the most since last October, after rising 15.1 percent in May. The country's economy has been struggling for years, hit by massive inflation as well as food and fuel shortages. The situation was aggravated by the global pandemic with bankers, nurses, doctors and other health-care professionals recently demanding to be paid in US dollars in a bid to cushion them from soaring inflation and a depreciating currency. Already in June, Finance Minister Mthuli Ncube raised salaries for government workers by 50% in an attempt to stop a nurses'strike at a major government hospital in the capital Harare.
2020-07-14
Zimbabwe May Inflation Rate Jumps to 786%
The annual inflation rate in Zimbabwe soared for a fourth consecutive month to 785.6 percent in May of 2020 from 765.6 percent in April. The coronavirus lockdown and its related movement restrictions contributed to a further deterioration of the country's currency and to deepen the already severe food shortage, amid the adverse impact on food imports, transportation and agricultural production. On a monthly basis, consumer prices increased 15.13 percent, decelerating from a 17.64 percent rise in the previous month.
2020-06-16
Zimbabwe Inflation Rate Climbs Further to 766% in April
The annual inflation rate in Zimbabwe peaked to 765.6 percent in April of 2020 from 676.4 percent in March, amid a weak exchange rate and climate-induced food shortages which were aggravated by the coronavirus pandemic and lockdown measures to control it. On a monthly basis, consumer prices increased 17.64 percent, slowing from a 26.59 percent jump in the previous month.
2020-06-02
Zimbabwe Inflation Rate Jumps to 676% in March
The annual inflation rate in Zimbabwe soared to 676.4 percent in March of 2020 from 540.2 percent in February, amid a weak exchange rate and food shortages caused by drought and worsened by the novel coronavirus. On a monthly basis, consumer prices inched up 26.59 percent, after jumping 13.52 percent in the previous month.
2020-04-14

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.