Zimbabwe's consumer price inflation slowed to 243.8 percent year-on-year in December 2022, down from the previous month's 255.0 percent and moving further away from August's 18-month high of 285.0 percent. The southern African country's economic crisis deepened this year, amid stubbornly high inflation and unemployment, due to the global food and energy shortages precipitated by the war in Ukraine. In addition, years of government mismanagement and corruption have also hit the economy. On a monthly basis, the inflation picked up to 2.4 percent in December from 1.8 percent in November. The Zimbabwean government is targeting to keep monthly inflation at between 1-3 percent in 2023, saying it will continue with its tight fiscal and monetary policy measures to keep inflation under control. source: Reserve Bank of Zimbabwe
Inflation Rate in Zimbabwe averaged 88.19 percent from 2009 until 2022, 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 January of 2023.
Inflation Rate in Zimbabwe is expected to be 180.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.