Annual inflation rate in Zimbabwe jumped to 20.85 percent in October of 2018 from 5.39 percent in September. It is the highest inflation rate since at least 2009 when the country's statistical office started publishing official inflation figures again. A rise in prices of cooking oil, flour and sugar was the main driver of inflation. On a monthly basis, consumer prices went up 16.44 percent, following a 0.92 percent gain in September, also a record high since at least 2009. Inflation Rate in Zimbabwe averaged 1.30 percent from 2009 until 2018, reaching an all time high of 20.85 percent in October of 2018 and a record low of -7.50 percent in December of 2009.
Inflation Rate in Zimbabwe is expected to be 5.60 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 6.30 in 12 months time. In the long-term, the Zimbabwe Inflation Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.