The weighted month-on-month inflation rate dropped to 0% in March 2025, according to data released by the Zimbabwe National Statistics Agency (ZIMSTAT) on Friday, 28 March.
ZIMSTAT reported that the weighted month-on-month inflation rate for March 2025 stood at 0.0 percent, reflecting a decrease of 0.3 percentage points from the February 2025 rate of 0.3 percent. Said ZIMSTAT:
<blockquote>
The USD month-on-month inflation rate was 0.1 percent in March 2025, shedding 0.1 percentage points on the February 2025 rate of 0.2 percent.
The USD year-on-year inflation rate (annual percentage change) for the month of March 2025 as measured by the all-items USD Consumer Price Index (CPI), was 15%.
The ZWG month-on-month inflation rate was -0.1% in March 2025, shedding -0.6 percentage points on the February 2025 rate of 0.5 percent.
</blockquote>
ZIMSTAT reported that the Food Poverty Line (FPL) for one person in March 2025 was ZWG 864.20. The FPL represents the amount of money an individual needs to afford a daily minimum energy intake of 2,100 calories. ZIMSTAT calculates the poverty line using the consumer basket for an individual deemed to be extremely poor.
The Total Consumption Poverty Line (TCPL) for one person was ZWG 1,260.52 in March 2025. The TCPL is derived by adding the non-food consumption expenditures of an individual deemed to be extremely poor to the FPL.
When monthly inflation drops to 0%, it means that prices for goods and services have stayed the same, with no noticeable increase or decrease compared to the previous month. Essentially, the cost of living hasn’t changed.
While 0% inflation might seem good, it could be a sign of weak economic activity and may lead to stagnation or even deflation (a decrease in prices).
For most countries, a small amount of inflation (around 2–3%) is considered healthy, as it shows the economy is growing without causing big price changes.
More: <a href="https://www.newzimbabwe.com/zim-monthly-inflation-rate-tumbles-to-0-statistics-agency/">NewZimbabwe.com</a>

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In March 2025, Zimbabwe's monthly inflation rate dropped to 0%, which means prices for things stayed the same. The cost of living didn't change. This could show weak economic activity and might lead to prices going down. Usually, a little bit of inflation (2-3%) is good for a country's economy because it means it's growing. The Zimbabwe National Statistics Agency reported that the Food Poverty Line for one person in March 2025 was ZWG 864.20, and the Total Consumption Poverty Line was ZWG 1,260.52.

Zimbabwe's Monthly Inflation Drops To 0% In March 2025

Finance Minister Mthuli Ncube has said the current exchange rate stability, where the official and parallel market rates are nearly the same, is not artificial and will continue in the future.
This follows concerns from some members of the public and businesses about a shortage of the ZiG, which they believe is affecting the economy.
Some critics argue that this shortage is causing “artificial inflation,” which could rise if more local currency enters the market.
In February, Zimbabwe’s inflation rate was 0.5%, well below the 5% limit set by the government.
In an exclusive interview with The Herald, Ncube asserted that the country’s low inflation rate is “not artificial.” He said:
<blockquote>
Inflation is what it is. But also the accusation is that there’s no money in the market. That is what is called a tight monetary policy; that is actually the technical definition.
So, right now, we have a policy that is tight in order to manage inflation in the first place. That is the objective; so it’s not artificial.
The level of inflation is commensurate with the ZIG money supply that is at hand, and it is appropriate that the Reserve Bank is conducting such a tight monetary policy.
That monetary policy is complemented, also, by a tight fiscal policy because what you don’t want is for Government spending to run away, getting out of control to a point where we have to monetise that excess budget deficit.
</blockquote>
Ncube said that a strict fiscal and monetary policy work together, and people should be pleased that the exchange rate and inflation are stable. He said:
<blockquote>
That is what we have right now and that is why the ZiG is stable in the first place. The economy and citizens have been crying out for a stable macroeconomic environment and that is what we are delivering right now.
 So people should be pleased that at least, we are delivering what is expected of us as economic policymakers.
They demanded stability; it allows them to plan, it gives our domestic currency, ZIG, value. You can now save in it, you can transact in it, you restore value characteristics.
</blockquote>
More: <a href="https://www.herald.co.zw/zig-levels-in-market-match-govts-stability-aspirations-mthuli/">The Herald</a>

Finance Minister Mthuli Ncube says the stable exchange rate is not fake and will stay. Some people worry about a shortage of money in Zimbabwe. They think this shortage might cause fake inflation. Ncube disagrees and says the low inflation is not fake. He says the tight monetary policy is needed to control inflation. He believes the strict policy is good for the economy. Ncube thinks people should be happy that the exchange rate and inflation are steady. They asked for stability, and that's what they are getting.

ZiG Stability, Low Inflation Rate Not Artificial, Says Mthuli Ncube

The month-on-month inflation rate in ZWG (ZiG) terms fell to 0.5% in February 2025, from 10.5% in January 2025, the Zimbabwe National Statistics Agency (ZIMSTAT) reported Wednesday.
This means that prices as measured by the all items ZWG CPI, increased by an average of 0.5% from January 2025 to February 2025. Said ZIMSTAT:
<blockquote>
The ZWG month-on-month Food and Non-Alcoholic Beverages inflation rate was 0.8 percent in February 2025, shedding 6.0 percentage points on the January 2025 rate of 6.8 percent while the month-on-month non-food inflation rate was 0.3 % shedding 4.3% on the January 2025 rate of 4.6%.
</blockquote>
ZIMSTAT reported that the USD month-on-month inflation rate for February 2025 was 0.2%, a significant decrease from 11.5% in January. This indicates that, on average, prices increased by 0.2% from January to February 2025, as measured by the all-items index.
For Food and Non-Alcoholic Beverages, the month-on-month inflation rate was also 0.2% in February, down from 16.8% in January. Similarly, the non-food inflation rate for February was 0.2%, a decrease from 9.1% in January.
In terms of year-on-year inflation, the USD Consumer Price Index (CPI) rose slightly from 14.6% in January to 15.1% in February 2025.

In Zimbabwe, prices only went up a little bit from January to February. Food prices went up less compared to January. Overall, prices went up slightly for both food and non-food items. The prices increased by 0.5% in February, which is a lot less than January. This is good news for the people in Zimbabwe.

Zimbabwe's Month-on-Month Inflation Plummets From 10.5% To 0.5%

Zimbabwe’s inflation rate saw a sharp rise in January, both in U.S. dollars and in local currency, the ZiG.
Month-on-month inflation in U.S. dollar terms increased to 11.5% in January, up from 0.6% in December.
In local currency terms, inflation also surged, reaching 10.5% in January, compared to a 3.7% rise in December 2024.
Year-on-year inflation in U.S. dollar terms accelerated to 14.6% in January, following a 2.5% increase in December.
In an update on Tuesday, the Zimbabwe National Statistics Agency (ZimStat) said:
<blockquote>
The USD month-on-month inflation rate was 11,5% in January 2025, gaining 10,9 percentage points on the December 2024 rate of 0,6%. This means that prices as measured by the all items USD CPI, increased by an average of 11,5% from December 2024 to January 2025.
The USD month-on-month Food and Non-Alcoholic Beverages inflation rate was 16,8% in January 2025, gaining 14,9 percentage points on the December 2024 rate of 1,9%. The December 2024 USD month-on-month non-food inflation rate was 9,1%, gaining 9,1 percentage points on the December 2024 rate of 0,0%.
</blockquote>
ZimStat’s acting director of macroeconomics, Mable Chimhore, said Zimbabwe’s inflation increased by 6.8 percentage points, rising from 3.7% in December 2024. She said:
<blockquote>
The ZiG month-on-month inflation rate was 10,5% in January 2025, gaining 6,8 percentage points on the December 2024 rate of 3,7%.
For the month of January 2025, the ZiG CPI for housing, water, electricity, gas and other fuels contributed mostly to the month-on-month change in index (inflation rate) by a magnitude of 6,3% and followed by food and non-alcoholic beverages with a magnitude of 2,4%.
</blockquote>
Independent economist Prosper Chitambara told Reuters that last year’s severe regional drought, along with new taxes introduced this month, likely contributed to the rise in inflation. Said Chitambara:
<blockquote>
It could be the new taxes that have taken effect this month. The huge cost is passed on to consumers. Before the next harvest season we are likely to see an upward trend of inflation as drought continues to exert inflationary pressures.
</blockquote>

Zimbabwe's prices went up a lot in January. Prices increased by 11.5% in U.S. dollars and 10.5% in local currency. Inflation also went up from last year. The increase in prices was mainly in food and non-alcoholic drinks. An economist thinks the drought and new taxes are making prices go up. Prices may keep going up until the next harvest because of the drought.

Zimbabwe Sees Sharp Rise In Inflation Rates For January, Both In USD And ZiG

Zimbabwe’s monthly inflation slowed to 3.7 per cent in December 2024, down from 11.7 per cent recorded the previous month, according to data released by the Zimbabwe National Statistics Agency (ZIMSTAT) on Friday.
According to ZIMSTAT, inflation showed a downward trend in November and December, from a peak of 37.2 per cent in October.
This change is attributed to the stability of prices and the local currency, the Zimbabwe Gold (ZiG), following a 43 per cent devaluation by the central bank in September.
In USD, annual inflation was 2.5 per cent in December, down from 3.3 per cent in November.
Presenting the 2025 national budget to Parliament in November, Finance Minister Mthuli Ncube said he expects ZiG month-on-month inflation to remain stable and average below 3 per cent next year, supported by tight fiscal and monetary policies.
He added that the 2025 fiscal plan is based on single-digit inflation and a stable exchange rate to foster a favourable business environment. Said Ncube:
<blockquote>
Any deviation from these assumptions, including the widening of the premium between the official and parallel markets, will severely impact macroeconomic stability.
</blockquote>
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

In Zimbabwe, prices are not going up as fast as before. In December, the prices only went up 3.7%, which is less than the 11.7% increase in November. The prices have been more stable since the currency was devalued in September. The Finance Minister said that he expects the inflation to stay low in 2025, which will help businesses. If the inflation rises too much, it can cause problems for the economy. The aim is to keep inflation in single digits and have a stable exchange rate.

Zimbabwe's Monthly Inflation Slows To 3.7% In December, Down From 11.7%

Zimbabwe’s month-on-month inflation surged to 5.8% in September 2024, up from 1.4% in August, driven largely by the sharp depreciation of the newly introduced currency, the Zimbabwe Gold (ZiG).
Since its launch in April 2024, the ZiG has faced increasing volatility, exacerbated by a shortage of US dollars in the market.
The Reserve Bank of Zimbabwe (RBZ) has attributed the currency’s decline largely to speculative activities.
This 4.4 percentage point increase in month-on-month inflation marks the most significant rise since the ZiG’s introduction.
According to the Zimbabwe National Statistics Agency (ZIMSTAT), the all-items Consumer Price Index (CPI) rose 5.8% on average between August and September 2024.
ZIMSTAT said the month-on-month inflation rate reflects the percentage change in the price index compared to the previous month.
For September 2024, the weighted CPI for food and non-alcoholic beverages was the primary contributor to this increase, accounting for 1.5% of the total change in the inflation rate. ZIMSTAT said:
<blockquote>
The month-on-month inflation rate was 5.8% in September 2024, gaining 4,4 percentage points on the August 2024 rate of 1.4%.
This means that prices as measured by the all-items ZWG CPI, increased by an average of 5.8% between August 2024 and September 2024.
The month-on-month inflation rate was 0.7% in September 2024, gaining 0.5 percentage points on the August 2024 rate of 0.2%.
The year-on-year inflation rate for September 2024, as measured by the all-items USD CPI, was 4.2%.
</blockquote>
ZIMSTAT reported that the Food Poverty Line for an individual in September 2024 was set at ZiG446.56.
The Food Poverty Line indicates the minimum amount of money necessary for a person to access a daily energy intake of 2,100 calories, ensuring basic nutritional needs are met. ZIMSTAT said:
<blockquote>
The Total Consumption Poverty Line for one person in September 2024 was ZiG681,79. The Total Consumption Poverty Line is derived by adding the non-food consumption expenditures of an individual below the food poverty line.
</blockquote>
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Zimbabwe's money worth less in September causing prices to go up. The new currency, Zimbabwe Gold, is losing value. People are buying and selling it quickly, making it less valuable. This makes it harder for people to buy things they need. The cost of food and drink has gone up the most. In September, it cost ZiG446.56 for enough food to stay healthy. Overall, prices went up by 5.8% from August. It's now more expensive for people in Zimbabwe to buy what they need to live.

Zimbabwe’s Monthly Inflation Rate Surges To 5.8% In September

Professor of applied economics at the Johns Hopkins University, Steve Hanke, says Zimbabwe’s year-on-year inflation has reached 1 298 percent as the Government refuses to abandon the Zimbabwe dollar.
The local currency, which was trading at US$1: ZWL$2 577 on 30 May 2023, had moved to US$1: ZWL$5 978 on 13 June at the Reserve Bank of Zimbabwe (RBZ) controlled forex auction.
Posting on Twitter, Hanke said President Emmerson Mnangagwa’s Government is leading Zimbabwe to “ruins” by insisting on the use of the valueless Zimbabwe dollar. <a href="https://twitter.com/steve_hanke/status/1670514970419707904">He wrote</a>:
<blockquote>
#Zimbabwe’s Pres. Mnangagwa is giving a masterclass in economic stupidity and corruption.
With annual inflation at a whopping 1 298%/yr, he continues to try to push Zimbabweans to use the Zim dollar. He is leading Zim to ruins.
</blockquote>
However, Hanke’s measurement of Zimbabwe’s rate of inflation is problematic as he seemingly only considers prices in Zimbabwe dollars, yet around 30% of transactions are conducted in the local currency, with the US dollar now dominant.
The Zimbabwe National Statistics Agency (ZIMSTAT), which measures inflation in the country, considers prices in both ZWL and USD to come up with a blended rate of inflation.
In May 2023, ZIMSTAT said the country’s month-on-month inflation rose to 15.7% after gaining 13.3 percentage points on the April 2023 rate of 2.4%.
The year-on-year inflation rose to 86.5% in May from 75.6% in April, said ZIMSTAT.
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

"Mnangagwa Leading Zimbabwe To Ruins", Hanke Claims Inflation Is Now 1 298%

Zimbabwe’s month-on-month inflation rose to 15.7% in May after gaining 13.3 percentage points on the April 2023 rate of 2.4%.
The year-on-year inflation rose to 86.5% in May from 75.6% in April.
This was said by Zimbabwe National Statistics (ZIMSTAT) director-general Taguma Mahonde in Harare on Friday. He said:
<blockquote>
The month-on-month inflation rate in May 2023 was 15.7% gaining 13.3 percentage points on the April 2023 rate of 2.4%.
The month-on-month inflation rate is given by the percentage change in the index of the relevant month compared with the index of the previous month.
The year-on-year inflation rate is given by the percentage change in the index of the relevant month of the year compared with the index of the same month in the previous year.
</blockquote>
In March this year, Minister of Finance and Economic Development Mthuli Ncube announced that inflation will be measured using a weighted average of items priced in Zimbabwean dollars and United States dollars.
Previously the rate of inflation was based only on items in Zimbabwean dollars.
Former Finance Minister Tendai Biti has said the move by the government to measure inflation using a weighted average of items priced in Zimbabwean dollars and United States dollars is insincere and an attempt to conceal rising inflation.
Biti said the government always comes up with “ridiculous” policies in a bid to cover its “embarrassing failures”.
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Monthly Inflation Rate Jumped To 15.7% In May - ZIMSTAT

Zimbabwe’s annual inflation rate dropped to 87.6 percent in March from 92.3 percent in February.
According to data released by the Zimbabwe National Statistics Agency (ZIMSTAT) on Monday, there was a marginal increase in the month-on-month inflation rate. ZIMSTAT said:
<blockquote>
The year-on-year inflation rate for the month of March 2023 as measured by the All-Items Consumer Price Index (CPI) was 87.6 percent this means that prices, as measured by the Consumer Price Index, increased by an average of 87.6 percent between March 2022 and March 2023.
</blockquote>
The month-on-month inflation rate in March 2023 was 0.1 percent gaining 1.7 percentage points on the February rate of minus 1.6 percent.
ZIMSTAT said the key drivers were social services and elements such as health and education.
ZIMSTAT is now measuring inflation using a weighted average of items priced in Zimbabwean dollars and United States dollars.
Before the new “blended rate”, inflation was being measured using the local currency only.
A fall in inflation does not mean prices are decreasing. Rather, it reflects the slow pace of price increases.
More: <a href="https://zero.pindula.co.zw/">Pindula News</a>

Zimbabwe's Annual Inflation Rate Falls

The Minister of Finance and Economic Development Mthuli Ncube on Friday announced that from now, inflation will be measured using a weighted average of items priced in Zimbabwean dollars and United States dollars.
According to Statutory Instrument 27 of 2023, “… ‘rate of inflation’ means the general increase in price levels of goods and services measured as a weighted average based on the use of Zimbabwean dollars and United States dollars over a given period of time.”
Using the blended rate, the Zimbabwe National Statistics Agency (ZIMSTAT) said the year-on-year inflation for February 2023 was 92.3% from 101.5% in January.
Previously the rate of inflation was based only on items in Zimbabwean dollars.
Before today’s move to measure the blended inflation rate, ZIMSTAT had measured annual inflation at 229.8% in January and 243.8% in December.
The government reintroduced the Zimbabwean dollar in 2019 after a decade of dollarisation.
In 2020, the multi-currency system was re-introduced and since then, the United States dollar has progressively become the dominant currency in domestic transactions, with USD usage now over 75% in the economy.
In 2022, the government said the multi-currency system would be maintained for a further five years.
More: <a href="https://zero.pindula.co.zw/">Pindula News</a>

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