The annual inflation rate in Zimbabwe eased further to 659.4% in September of 2020 from 761% in the prior month. It was the lowest inflation rate since February, as the Zimbabwe dollar has recovered some ground recently on the back of stabilization of the foreign exchange market. This was mainly the result of improved formal access to forex on the auction system since June 23rd, 2020 and tighter controls on mobile money transactions. On a monthly basis, consumer prices went up 3.8%, the least since January, following an 8.4% increase in the previous month.
Inflation Rate in Zimbabwe averaged 69.21 percent from 2009 until 2020, 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 October of 2020.
Inflation Rate in Zimbabwe is expected to be 249.00 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 50.00 in 12 months time. In the long-term, the Zimbabwe Inflation Rate is projected to trend around 30.00 percent in 2021 and 25.00 percent in 2022, according to our econometric models.