ZiG Inflation Falls To 19% As Downward Trend Continues

ZiG annual inflation continued its downward trend in November 2025, falling to 19% from 32.7% in October and 82.7% in September. The Reserve Bank of Zimbabwe (RBZ) had set a target of 20% for December, meaning the latest figure is already within range.

According to the latest data from the Zimbabwe National Statistics Agency (ZimStat), monthly inflation stood at 0.2%, an increase of 0.6 percentage points from the –0.4% recorded in October. ZimStat said the rise was mainly driven by increases in the prices of food and non-alcoholic beverages. ZimStat said:

“The November 2025 ZWG month-on-month non-food inflation rate was 0.0 per cent, gaining 0.9 percentage points on the October 2025 rate of -0.9 per cent.

“The ZWG year-on-year inflation rate for November 2025, as measured by the all-items ZWG CPI, was 19.0 per cent, shedding 13.7 percentage points from the October 2025 rate of 32.7 per cent.”

The ZiG month-on-month Food and Non-Alcoholic Beverages inflation rate stood at 0.7% in November, unchanged from October.

Meanwhile, the USD month-on-month inflation rate for November was 0.2%, a slight decline from 0.3% in October.

Annual inflation remained high at 13.1% in November, marginally higher than the October rate of 13.0%.

The main drivers are increases in food and drink prices, as well as housing and utilities, including electricity and fuel.

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