The annual inflation rate in Zimbabwe soared for a fourth consecutive month to 785.6 percent in May of 2020 from 765.6 percent in April. The coronavirus lockdown and its related movement restrictions contributed to a further deterioration of the country's currency and to deepen the already severe food shortage, amid the adverse impact on food imports, transportation and agricultural production. On a monthly basis, consumer prices increased 15.13 percent, decelerating from a 17.64 percent rise in the previous month.

Inflation Rate in Zimbabwe averaged 47.64 percent from 2009 until 2020, 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 July of 2020.

Inflation Rate in Zimbabwe is expected to be 850.00 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 300.00 in 12 months time. In the long-term, the Zimbabwe Inflation Rate is projected to trend around 45.00 percent in 2021 and 30.00 percent in 2022, according to our econometric models.

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Zimbabwe Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
785.55 765.57 785.55 -7.50 2009 - 2020 percent Monthly
2019M2=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-16 07:00 AM Feb 540.16% 175.66% 380%
2020-04-14 12:30 PM Mar 676.39% 540.16% 680%
2020-05-29 12:30 PM Apr 765.57% 676.39% 760%
2020-06-16 06:30 AM May 785.55% 765.57% 740%
2020-07-14 08:00 AM Jun 785.55% 850%
2020-08-14 08:00 AM Jul 930%
2020-09-15 08:00 AM Aug
2020-10-15 08:00 AM Sep 700%


News Stream
Zimbabwe May Inflation Rate Jumps to 786%
The annual inflation rate in Zimbabwe soared for a fourth consecutive month to 785.6 percent in May of 2020 from 765.6 percent in April. The coronavirus lockdown and its related movement restrictions contributed to a further deterioration of the country's currency and to deepen the already severe food shortage, amid the adverse impact on food imports, transportation and agricultural production. On a monthly basis, consumer prices increased 15.13 percent, decelerating from a 17.64 percent rise in the previous month.
2020-06-16
Zimbabwe Inflation Rate Climbs Further to 766% in April
The annual inflation rate in Zimbabwe peaked to 765.6 percent in April of 2020 from 676.4 percent in March, amid a weak exchange rate and climate-induced food shortages which were aggravated by the coronavirus pandemic and lockdown measures to control it. On a monthly basis, consumer prices increased 17.64 percent, slowing from a 26.59 percent jump in the previous month.
2020-06-02
Zimbabwe Inflation Rate Jumps to 676% in March
The annual inflation rate in Zimbabwe soared to 676.4 percent in March of 2020 from 540.2 percent in February, amid a weak exchange rate and food shortages caused by drought and worsened by the novel coronavirus. On a monthly basis, consumer prices inched up 26.59 percent, after jumping 13.52 percent in the previous month.
2020-04-14
Zimbabwe Inflation Rate at 540% in February
The annual inflation rate in Zimbabwe was 540.2 percent in February of 2020, amid a weak exchange rate and food shortages caused by drought. This month, the country's statistical office resumed publishing annual consumer price data it suspended last year. On a monthly basis, consumer prices inched up 13.52 percent, after increasing 2.23 percent in the previous month.
2020-03-16

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.