Current inflation Zimbabwe 77.2%
August 2023
Current Inflation
Inflation is very high at 77.2%, far above the ECB target.
Historical Context
Inflation is 163.5 percentage points lower than the 5-year average of 240.7%.
- 5-year average
- 240.7%
- 10-year average
- 121.1%
- All-time high (2020)
- 621.5%
- All-time low (2015)
- -2.4%
Trend
Over the period 2021-2023, inflation shows a downward trend. Compared to 2022, average inflation in 2023 through August has fallen by 2.2 percentage points.
ECB Target
Inflation is 75.2 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for ZWL 100 this year will cost approximately ZWL 177.20 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2023 through August
- 99.7%
- Last year
- 101.9%
- 5-year average
- 240.7%
- All-time high (2020)
- 621.5%