Zimbabwe’s ZiG inflation falls to 15% in December, indicating enhanced price stability

Tapiwanashe Mangwiro

Senior Business Reporter

Zimbabwe’s annual ZiG currency inflation continues to ease, dropping by four percentage points to 15 percent in December and reinforcing growing optimism about durable price stability.

This is according to statistics released by the Zimbabwe National Statistics Agency (ZimStat), as measured by its all items ZiG Consumer Price Index (CPI).

“This means prices as measured by the all-items ZiG CPI increased by an average rate of 15,0 percent from December 2024 to December 2025,” ZimStat said.

The latest figure marks the lowest annual inflation reading recorded since the introduction of the ZiG in April last year and signals sustained progress in stabilising domestic prices.

A series of more focused and coordinated monetary and fiscal policy management measures have restored stability and market confidence.

The Reserve Bank of Zimbabwe (RBZ) aimed to bring annual ZiG inflation below 20 percent by December 2025, banking on tight monetary policy and foreign currency inflows to sustain stability after initial high annual figures due to base effects.

On a month-on-month basis, ZiG inflation remained subdued at 0,2 percent in December, unchanged from November.

ZimStat noted, “Prices as measured by the all-items ZiG CPI, increased by an average rate of 0,2 percent from November 2025 to December 2025.”

Food and non-alcoholic beverages inflation slowed slightly to 0,6 percent, while non-food inflation remained flat at 0,0 percent, suggesting limited price pressures across most sectors.

Economists say the year-on-year trend is more important in assessing stability, especially after the sharp inflation spikes experienced earlier in 2025.

ZiG inflation stood at 85,7 percent in April this year, rising to a peak of 95,8 percent by July, before decelerating rapidly to 32,7 percent in October.

 

 

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