Zimbabwe’s annual consumer price inflation decreased for the sixth consecutive month to 56.3 percent in July of 2021, reaching its lowest level since December of 2018. On a monthly basis, consumer prices slowed to 2.56% compared to 3.9% the previous month. source: Reserve Bank of Zimbabwe

Inflation Rate in Zimbabwe averaged 83.31 percent from 2009 until 2021, 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 August of 2021.

Inflation Rate in Zimbabwe is expected to be 30.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zimbabwe Inflation Rate is projected to trend around 7.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.

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Zimbabwe Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
56.37 106.60 837.53 -7.50 2009 - 2021 percent Monthly
2019M2=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-24 11:30 AM Apr 194.07% 240.55% 260%
2021-05-26 09:00 AM May 161.91% 194.07% 140%
2021-06-28 08:20 AM Jun 106.6% 161.91% 180%
2021-07-27 07:00 AM Jul 56.37% 106.6% 60%
2021-08-27 07:00 AM Aug 56.37% 40%
2021-09-27 09:20 AM Sep 30%
2021-10-27 12:40 PM Oct
2021-11-26 11:25 AM Nov


News Stream
Zimbabwe June Inflation Rate at Over 2-Year Low
Zimbabwe's annual consumer price inflation fell for the fifth straight month to 106.6 percent in June of 2021, reaching its lowest level since May of 2019. Zimbabwe’s central bank earlier this month projected inflation to take a massive dip in June and July, as it continues to trend down, anchored by exchange rate and price stability since the introduction of the foreign exchange auction system last year, as well as a good farming season. Governor Mangudya added that a bumper harvest, following a good rainy season, will keep price inflation under check, meaning there will be no importation of key commodities like the staple maize meal, which drives inflation. On a monthly basis, consumer prices inched up 3.9 percent, the most since January, after a 2.5 percent rise in the previous month.
2021-06-28
Zimbabwe February Inflation Rate at Over 1-Year Low
Zimbabwe's annual consumer price inflation eased to 321.6 percent in February of 2020 from 362.3 percent in the prior month, reaching its lowest level since January of 2020. Inflation has maintained a downward trend since August, following the introduction of a foreign exchange auction trading system which brought stability to the foreign exchange market. On a monthly basis, consumer prices went up 3.45 percent, following a 5.43 percent rise in the previous month. The central bank has forecast annual inflation will end the year below 10 percent, on the back of sustained economic stability coupled with strict management policies.
2021-02-25
Zimbabwe Inflation Climbs to 362% in January
Zimbabwe's annual consumer price inflation rose to 362.3 percent in January 2021 from 348.59 percent in the previous month, breaking a run of five consecutive months of slowdown. Inflation has maintained a downward trend since August, following the introduction of a foreign exchange auction trading system which brought stability to the foreign exchange market. On a monthly basis, consumer prices inched up 5.43 percent, the biggest increase in five months. The January figures mark the first time that the country has produced inflation data during the same month, following the adoption of computerization by the statistical office.
2021-01-27
Zimbabwe Inflation Rate Slows to 11-Month Low
Zimbabwe's annual consumer price inflation fell for the fifth straight month to 348.59 percent in December 2020, reaching its lowest level since January. Inflation has maintained a downward trend since August, following the introduction of a foreign exchange auction trading system which brought stability to the foreign exchange market. On a monthly basis, consumer prices inched up 4.22 percent in November, following a 3.15 percent increase in the previous month.
2021-01-11

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.