Zimbabwe’s Annual Inflation Rate Falls to 32.7%, Signaling Strengthening Stability
Business Reporter
Zimbabwe’s annual inflation rate has dropped sharply to 32.7%, marking what economists have described as a potential turning point towards price stability, according to data released this week by the Zimbabwe National Statistics Agency (Zimstat).
The latest figures represent a substantial decline from the 82.7% recorded in September 2025, amounting to an almost 50% reduction within a single month.
The Confederation of Zimbabwe Industries (CZI) expressed optimism that inflationary pressures would continue to ease through October, citing the containment of month-on-month inflation within a narrow range of 1.6% since the market shocks of September 2024.
According to Zimstat, prices measured by the all-items US dollar Consumer Price Index (CPI) rose by an average of 13.0% between October 2024 and October 2025. “The year-on-year inflation rate is determined by comparing the index of the reference month in the current year with that of the same month in the previous year,” the agency said.
During the same period, the Zimbabwe Gold (ZWG) month-on-month inflation rate stood at -0.4%, down from -0.2% in September 2025, indicating a slight decline in overall prices.
Zimstat further reported that the ZWG month-on-month inflation rate for Food and Non-Alcoholic Beverages rose to 0.7% in October, up from 0.2% in September, while the non-food inflation rate declined to -0.9% from -0.5%.
In US dollar terms, the month-on-month inflation rate for October 2025 was 0.3%, compared with zero percent in September. The annual USD-based inflation rate for October 2025, as measured by the all-items CPI, stood at 13%.
