The annual inflation rate in Zimbabwe soared once again to 57.5% in April 2024, up from 55.3% in the previous month, largely due to the ongoing exchange-rate volatility. On a monthly basis, consumer prices rose by 2.9% in April, down from a 4.9% jump in the prior month. The country's statistics agency said it will start computing monthly inflation data based on its new currency, the ZiG, from May. It will also supply blended inflation data, its current price measure and one that is US dollar-based, its main transacting currency. Year-on-year inflation data in ZiG will only be computed from April next year. source: Reserve Bank of Zimbabwe

Inflation Rate in Zimbabwe increased to 57.50 percent in April from 55.30 percent in March of 2024. Inflation Rate in Zimbabwe averaged 42.79 percent from 2009 until 2024, reaching an all time high of 785.55 percent in May 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 May of 2024.

Inflation Rate in Zimbabwe increased to 57.50 percent in April from 55.30 percent in March of 2024. Inflation Rate in Zimbabwe is expected to be 36.00 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 30.00 percent in 2025 and 20.00 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-27 08:20 AM
Inflation Rate YoY
Mar 55.3% 47.6% 55.0%
2024-04-29 02:00 PM
Inflation Rate YoY
Apr 57.5% 55.3% 58.0%
2024-05-27 12:00 PM
Inflation Rate YoY
May 57.5%


Related Last Previous Unit Reference
Consumer Price Index CPI 100.00 97.14 points Apr 2024
CPI Housing Utilities 100.00 96.44 points Apr 2024
CPI Transportation 100.00 99.00 points Apr 2024
Food Inflation 105.10 100.70 percent Apr 2024
Inflation Rate YoY 57.50 55.30 percent Apr 2024
Inflation Rate MoM 2.90 4.90 percent Apr 2024

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
57.50 55.30 785.55 -7.50 2009 - 2024 percent Monthly
2024M4=100, NSA


News Stream
Zimbabwe Inflation Rate Quickens to 1-1/2-Year High of 57.5%
The annual inflation rate in Zimbabwe soared once again to 57.5% in April 2024, up from 55.3% in the previous month, largely due to the ongoing exchange-rate volatility. On a monthly basis, consumer prices rose by 2.9% in April, down from a 4.9% jump in the prior month. The country's statistics agency said it will start computing monthly inflation data based on its new currency, the ZiG, from May. It will also supply blended inflation data, its current price measure and one that is US dollar-based, its main transacting currency. Year-on-year inflation data in ZiG will only be computed from April next year.
2024-04-30
Zimbabwe Inflation Rate Accelerates Further
The annual inflation rate in Zimbabwe continued to climb in March 2024, hitting an over one-year high of 55.3%, up from 47.6% in February, amid the sharp depreciation of the local currency. The domestic currency has depreciated by more than 70% against the US dollar since the beginning of the year. The central bank is reportedly enabling its currency to plummet freely as it prepares to introduce a gold-backed currency to replace the country's nearly worthless dollar. This is Zimbabwe’s sixth attempt to have a functional local currency since 2008. On a monthly basis, consumer prices rose by 4.9% in March, following a 5.4% surge in the prior month.
2024-03-27
Zimbabwe Inflation Rate Accelerates to Over 1-Year High of 47.6%
The annual inflation rate in Zimbabwe soared for the fourth month to 47.6% in February 2024, the highest in over a year, from 34.8% a month before. The acceleration in overall inflation is largely due to the continued depreciation of the Zimbabwean dollar against the greenback. The domestic currency has lost almost two-thirds of its value on the official market since the year began. Monthly, consumer prices rose by 5.4% in February, after a 6.6% increase in the previous month.
2024-02-29