ZiG monthly inflation rises to 0.6%

THE monthly inflation rate for Zimbabwe Gold (ZiG) rose to 0.6% in June 2026 from 0.5% recorded in May, according to the latest figures released by Zimbabwe National Statistics Agency (ZimStat).

The latest inflation data comes as global supply chains continue to face pressure from geopolitical tensions involving the United States, Israel and Iran, which have disrupted freight routes, increased raw material costs and created uncertainty in international trade.

According to ZimStat, the ZiG month-on-month inflation rate increased by 0.1 percentage points during the period.

"The ZWG month-on-month inflation rate was 0.6 percent in June 2026, gaining 0.1 percentage points on the May 2026 rate of 0.5 percent," the agency said.

On an annual basis, ZiG inflation also edged higher.

"The ZWG year-on-year inflation rate (annual percentage change) for the month of June 2026 as measured by the all-items ZWG Consumer Price Index (CPI), was 4.7 percent, gaining 0.3 percentage points on the May 2026 rate of 4.4 percent," ZimStat said.

Meanwhile, inflation measured in United States dollars slowed on a monthly basis.

According to the agency, the US dollar month-on-month inflation rate fell to 0.1% in June from 0.3% recorded in May.

"The USD month-on-month inflation rate for June 2026 was 0.1 percent, shedding 0.2 percentage points on the May 2026 rate of 0.3 percent," ZimStat said.

However, annual inflation in US dollar terms increased during the same period.

"The USD year-on-year inflation rate (annual percentage change) for the month of June 2026 as measured by the all-items USD Consumer Price Index (CPI), was 3.1 percent, gaining 0.3 percentage points on the May 2026 rate of 2.8 percent," the agency said.

The weighted month-on-month inflation rate eased to 0.2% in June from 0.4% in May.

ZimStat said the weighted annual inflation rate rose to 3.5%, up from 3.2% recorded the previous month.

"The weighted year-on-year inflation rate (annual percentage change) for the month of June 2026 as measured by the all-items Weighted Consumer Price Index (CPI), was 3.5 percent, gaining 0.3 percentage points on the May 2026 rate of 3.2 percent," the agency said.

The latest figures indicate that while price increases in the ZiG economy remain relatively contained, annual inflation continued to edge higher in both local currency and US dollar terms during June.