Zimbabwe’s July inflation in modest uptick in both local currency and US dollar

Business Reporter
LATEST inflation figures for July 2025 indicate a slight upward movement in prices for both the US dollar (USD) and the Zimbabwe Gold (ZiG), according to data, collected by the Zimbabwe National Statistics Agency (ZIMSTAT).
The month-on-month USD inflation rate for July 2025 stood at 0,3 percent marking a positive shift, gaining 0,5 percentage points from the -0,2 percent recorded in June 2025.

This means that, on average, prices for goods and services measured by the all-items USD CPI increased by 0,3 percent between June and July 2025.
Breaking down the month-on-month figures, the USD Food and Non-Alcoholic Beverages inflation rate improved to -0,3 percent in July 2025, gaining 0,4 percentage points from June’s -0,7 percent.
Meanwhile, the non-food inflation rate in USD terms saw a rise to 0,5 percent, a gain of 0.5 percentage points from the 0,0 percent observed in June 2025.
Looking at the broader annual picture, the USD year-on-year inflation rate for July 2025, as measured by the all-items USD CPI, reached 14,4 percent.

This reflects that, on average, prices in US dollars increased by 14,4 percent from July 2024 to July 2025.

The mean month-on-month inflation rate for the period of January to July 2025 was 1,7 percent.
In contrast, the month-on-month ZiG inflation rate for July 2025 was 1,6 percent, a notable acceleration from the 0,3 percent rate seen in June 2025, marking a gain of 1,3 percentage points.

This indicates that prices, as measured by the all-items ZiG CPI, increased by an average of 1,6 percent from June to July 2025.
Within the ZiG categories, the Food and Non-Alcoholic Beverages inflation rate was 0,2 percent in July 2025, gaining 0,4 percentage points from June’s -0,2 percent.

The non-food inflation rate in ZiG terms saw a significant jump to 2,3 percent, gaining 1,8 percentage points on the June 2025 rate of 0,5 percent.
The ZiG year-on-year inflation rate for July 2025, as measured by the all-items ZiG CPI, stood at a substantial 95,8 percent.

This means that prices, as measured by the all-items ZiG CPI, increased by an average of 95,8 percent from July 2024 to July 2025.

The mean ZiG month-on-month inflation rate for the period January to July 2025 was 2,0 percent.

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