Business Reporter
THE local ZWG currency inflation rates continued to defy geopolitical headwinds, keeping its head above the US-Iran war’s turbulence by sustaining a single digit margin.
Data released by the Zimbabwe National Statistics Agency (Zimstat) this week shows that the Zimbabwe Gold (ZiG) Consumer Price Index rose to 194,68 in April, up from 192,58 in March, pushing the year-on-year inflation rate to 4,8 percent — a 0,4 percentage point increase from the previous month’s 4,4 percent.
The Reserve Bank of Zimbabwe expects annual inflation to temporarily increase in the near term to June 2026, before returning to its steady-state levels, attributable to inflationary pressures emanating from the recent oil price shock owing to geopolitical tensions from the US-Israel-Iran conflict.
Month-on-month inflation accelerated to 1,1 percent in April, compared with 0,5 percent in March, driven largely by a sharp rise in food and non-alcoholic beverage prices, which climbed 1,5 percent — a significant uptick from March’s 0,3 percent.
The weighted month-on-month inflation rate was 1.1 percent in April 2026, gaining 0.7 percentage points on the March 2026 rate of 0.4%.
The weighted year-on-year inflation rate (annual percentage change) for the month of April 2026 as measured by the all-items Weighted Consumer Price Index (CPI),was 2.8 % gaining 0.8 % on the March 2026 rate of 2% .
For the month of April 2026, increases in the index were mainly observed on the Transport division followed by Food and Non-Alcoholic Beverages division.
