Consumer prices in Zimbabwe increased 15.70 percent month-over-month in May 2023, the most since July 2022. In recent weeks, Zimbabwe has experienced a new wave of price hikes for essential goods, with the government attributing the phenomenon to unscrupulous businesses aligning their pricing with parallel market rates. To combat rising prices, the government has recently eliminated duties and taxes on imported basic goods. source: ZIMSTAT, Zimbabwe
Inflation Rate MoM in Zimbabwe averaged 2.58 percent from 2009 until 2023, reaching an all time high of 39.26 percent in June of 2019 and a record low of -3.00 percent in February of 2009. This page provides - Zimbabwe Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Zimbabwe Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Inflation Rate MoM in Zimbabwe is expected to be 1.30 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 MoM is projected to trend around 1.20 percent in 2024 and 1.00 percent in 2025, according to our econometric models.