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.