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.

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Zimbabwe Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-28 08:30 AM Nov 255% 268.8% 257%
2022-12-28 10:50 AM Dec 243.8% 255% 244%
2023-01-30 11:00 AM Jan 243.8% 230.0%


Related Last Previous Unit Reference
Inflation Rate 243.80 255.00 percent Dec 2022
Food Inflation 285.20 299.20 percent Dec 2022
Inflation Rate MoM 2.40 1.80 percent Dec 2022
CPI Transportation 12869.70 12489.90 points Dec 2022

Zimbabwe Inflation Rate
In Zimbabwe, the most important categories in the Consumer Price Index are: Food & Non-alcoholic Beverages (31%), Housing & Utilities (28%), and Transport (8%). Miscellaneous Goods & Services accounts for 7%, Furniture Household, Equipment & Maintenance (5%), and Alcoholic Beverages & Tobacco (5%). Others include: Clothing & Footwear (4%), Education (4%), Communication (3%), Recreation & Culture (2%), Health (1%), and Restaurants & Hotels (1%).
Actual Previous Highest Lowest Dates Unit Frequency
243.80 255.00 837.53 -7.50 2009 - 2022 percent Monthly
2019M2=100, NSA

News Stream
Zimbabwe Inflation Rate Slows in December
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.
2022-12-28
Zimbabwe November Inflation Rate Hits 5-Month Low
Zimbabwe’s annual consumer price inflation eased for the third straight month to a five-month low of 255% in November of 2022, from 268.8% in October. Inflation has been falling since August this year following tight monetary measures implemented by the government and monetary authorities. On a monthly basis, consumer prices increased by 1.8%, the least in 19 months, after a 3.2% rise in the previous month.
2022-11-28
Zimbabwe Inflation Rate Eases for 2nd Month
Zimbabwe’s annual consumer price inflation eased for the second straight month to 268.8% in October of 2022, from 280.4% in the prior month. Inflation has been falling since August this year following tight monetary measures implemented by the government and monetary authorities. Some of the measures included suspending payment to government contractors, raising the policy rate to 200% and the introduction of gold coins as a store of value. On a monthly basis, consumer prices rose by 3.2%, the least since July of 2021, following a 3.5% increase in the previous month.
2022-10-26