ZiG annual inflation falls 11,1%

Zimbabwe's ZiG annual inflation rate eased by 11,1 percentage points to 82,7% in September 2025, down from 93,8% in August, largely due to slower increases in the prices of goods priced in local currency.

The Zimbabwe National Statistics Agency (ZimStat) said the figures were measured using the all-items ZiG Consumer Price Index (CPI). "This means that prices, as measured by the all-items ZiG CPI, increased by an average of 82,7% from September 2024 to September 2025," ZimStat said in its monthly bulletin.

Similarly, inflation in United States dollar terms also registered an improvement, falling to 13,4% in September from 14,2% in August. "The USD year-on-year inflation rate … was 13,4%. This means that prices as measured by the all-items USD CPI increased by an average of 13,4% from September 2024 to September 2025," the agency said.

Analysts attribute the moderation in inflation to the Reserve Bank of Zimbabwe's policy of tightly managing the exchange rate to preserve the value of the ZiG. However, they warn that this approach leaves the currency vulnerable to volatility.

On a monthly basis, the ZiG inflation rate slipped into negative territory at -0,2% in September, compared to 0,4% in August. Food and non-alcoholic beverages recorded a 0,2% increase, up from -0,1% in August, while non-food items registered deflation of -0,5%, a sharp reversal from the 0,6% rise recorded in the previous month.

The Total Consumption Poverty Line for one person stood at ZiG1 292,80 in September, virtually unchanged from August.

In US dollar terms, the month-on-month inflation rate remained flat at 0%. Food and non-alcoholic beverages rose slightly by 0,1%, while non-food items edged down by 0,1%.

The latest figures come as authorities continue to grapple with balancing exchange rate stability, food security, and broader economic growth while maintaining the purchasing power of the new currency.