Zimbabwe’s inflation plunges to 32.7% as currency stabilizes

Annual price increases in Zimbabwe dropped to 32.7 percent during October, retreating sharply from the 82.7 percent rate measured one month earlier as effects from a 2024 currency adjustment continued fading. The Zimbabwe National Statistics Agency reported average costs rose 32.7 percent between October 2024 and October 2025, far below triple-digit figures recorded earlier this year. Reserve Bank of Zimbabwe Governor John Mushayavanhu has maintained predictions that price growth would finish below 30 percent by year-end before falling toward 20 percent throughout 2026.

Inflation peaked at 95.8 percent during July before declining to 93.8 percent in August and 82.7 percent in September. Economist Prosper Chitambara said the October data confirms that disruption from exchange rate realignment has mostly passed. Month-over-month deflation reached negative 0.4 percent in October compared with negative 0.2 percent in September, indicating average prices declined slightly between those two months.

Economist Tinashe Muringi warned that risks to continued price stability depend on government spending discipline. Food costs rose 0.7 percent month-over-month while non-food categories fell 0.9 percent, reflecting differences between seasonal availability dynamics and currency strength effects.