Zimbabwe’s inflation showed signs of slowing in November, according to the latest data released by the Zimbabwe National Statistics Agency (Zimstat). The figures highlight the ongoing impact of September’s currency devaluation while signaling some easing in price increases.
Monthly inflation in Zimbabwean dollars (ZiG) dropped to 11.7% in November from the sharp 37.2% recorded in October. The October spike was largely attributed to a 43% devaluation of the ZiG by the Reserve Bank of Zimbabwe (RBZ) in late September, which had triggered rapid price hikes across the economy.
Annual inflation in USD terms also moderated, declining to 3.3% in November from 4.1% the previous month. Monthly USD inflation slowed to 0.1%, down by 0.6 percentage points from October.
The September devaluation had a pronounced effect on inflation, with Zimstat reporting a jump in monthly ZiG inflation from 5.8% in September to 37.2% in October. During the same period, USD monthly inflation also rose, moving up to 0.7% in September, an increase of 0.5 percentage points from August.
