Zimbabwe's month-on-month inflation rate fell further to 16.55 percent in December 2019, the lowest level since May, from 17.50 percent in the prior month. Prices slowed mostly for food & non-alcoholic beverages (15.75 percent vs 22.62 percent in November). Meanwhile, non-food inflation advanced faster (17.14 percent vs 13.94 percent), namely transport (11.81 percent vs 9.69 percent), amid fuel shortages and housing & utilities (31.25 percent vs 5.85 percent), as a result of recent hikes in electricity and water tariffs. Inflation Rate Mom in Zimbabwe averaged 1.86 percent from 2009 until 2019, reaching an all time high of 39.26 percent in June of 2019 and a record low of -3 percent in February of 2009. source: ZIMSTAT, Zimbabwe
Inflation Rate Mom in Zimbabwe is expected to be 37.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Zimbabwe to stand at 7.00 in 12 months time. In the long-term, the Zimbabwe Inflation Rate MoM is projected to trend around 5.00 percent in 2020, according to our econometric models.