Inflation Rate in Zimbabwe increased to 191.60 percent in June from 131.70 percent in May of 2022. It is the highest reading since April last year. source: Reserve Bank of Zimbabwe

Inflation Rate in Zimbabwe averaged 81.16 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 July of 2022.

Inflation Rate in Zimbabwe is expected to be 192.00 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 50.00 percent in 2023 and 30.00 percent in 2024, according to our econometric models.

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Zimbabwe Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-05-25 09:30 AM May 131.7% 96.4% 98%
2022-06-25 05:00 PM Jun 191.6% 131.7% 175%
2022-07-27 10:00 AM Jul 191.6%

Related Last Previous Unit Reference
Inflation Rate 191.60 131.70 percent Jun 2022
Food Inflation 224.80 154.60 percent Jun 2022
Inflation Rate Mom 30.70 21.00 percent Jun 2022
CPI Transportation 9008.10 6576.10 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
191.60 131.70 837.53 -7.50 2009 - 2022 percent Monthly
2019M2=100, NSA

News Stream
Zimbabwe Inflation Rate Surges to 12-Month High
Zimbabwe’s annual consumer price inflation jumped to 131.7% in May of 2022, from 96.4% in the prior month. It is the highest inflation rate since last May, as the currency plunged after the Reserve Bank of Zimbabwe introduced a new interbank rate at 276 per dollar on May 9th. The Zimbabwe dollar was officially trading at 166 per USD and as much as 420 on the black market before the interbank rate was adopted. On a monthly basis, consumer prices surged 21 percent, the most since July 2020 and following a 15.5 percent rise in April.
Zimbabwe Inflation Rate Hits 9-Month High
Zimbabwe’s annual consumer price inflation climbed to 72.7% in March of 2022, from 66.1% in the prior month, reaching its highest point since last June. Main upward pressure came from transportation (84.2% vs 66.6% in February) and food (75.1% vs 69.3%), as rising fuel and bread prices have triggered a wave of price hikes of basic commodities around the country. Zimbabwe’s annual inflation has been gradually rising since September last year, with monetary authorities attributing this to the parallel exchange rates pass-through effect on domestic inflation witnessed toward the end of last year. On a monthly basis, consumer prices advanced 6.6%, following a 7% rise in the previous month.
Zimbabwe Inflation Rate Quickens to 6-Month High
Zimbabwe’s annual consumer price inflation surged to 60.7% in December of 2021, from 58.4% in November. That was the highest inflation rate since June, even though the central bank raised in October its main lending rate to 60% in an attempt to tame that increase and to stabilize the free-falling Zimbabwe dollar. On a monthly basis, consumer prices went up 5.76%, almost the same as previous month.