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.