The annual inflation rate in Zimbabwe increased to 59.39 percent in February of 2019 from 56.9 percent in January. The inflation hit a new high since at least December of 2009, due to rising prices for basic goods. On a monthly basis, consumer prices went up 1.67 percent, following a 10.75 percent jump in January. The inflation surged in October last year amid a dollar shortage. The central bank governor recently said inflation is seen falling to between 10 and 15 percent by the end of the year. Inflation Rate in Zimbabwe averaged 2.96 percent from 2009 until 2019, reaching an all time high of 59.39 percent in February of 2019 and a record low of -7.50 percent in December of 2009.
Inflation Rate in Zimbabwe is expected to be 70.00 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 16.00 in 12 months time. In the long-term, the Zimbabwe Inflation Rate is projected to trend around 9.00 percent in 2020, according to our econometric models.