Zimbabwe Inflation Rate

Last Release

Jun 30, 2024

Actual

33.6

Units In

49.7

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
837.53 Jul 2020	-7.5 Dec 2009	86.14 %	2009-2024	Reserve Bank of Zimbabwe

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.

Latest Updates

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.