Zimbabwe’s annual inflation rate in ZiG currency slowed further to 3.2% in July, reinforcing signs of improving price stability as inflationary pressures continued to moderate.
Figures released by the Zimbabwe National Statistics Agency (ZimStat), on Monday, show that annual ZiG inflation fell by 1.5% points from 4.7% recorded in June.
Monthly inflation in ZiG also decelerated, easing to 0.1% in July from 0.6% the previous month, indicating that consumer prices remained largely stable over the period.
“The ZWG year-on-year inflation rate (annual percentage change) for the month of July 2026 as measured by the all-items ZWG Consumer Price Index (CPI), was 3.2%, shedding 1.5 percentage points from the June 2026 rate of 4.7%,” ZimStat said.
The statistics agency added that the ZiG month-on-month inflation rate declined by 0.5% to 0.1% in July.
In contrast, prices in the United States dollar economy edged up during the month, with month-on-month inflation increasing to 0.3% from 0.1% in June.
ZimStat also reported that the weighted month-on-month inflation rate rose slightly to 0.3% in July, compared with 0.2% a month earlier.
On an annual basis, the weighted inflation rate eased to 3.2% from 3.5% in June, reflecting continued moderation in overall price growth across the economy.
The agency also released updated poverty datum line figures, showing that the Food Poverty Line (FPL) for one person stood at ZWG923.17 in July. The FPL represents the minimum monthly expenditure required to meet an individual’s basic daily nutritional requirement of 2,100 calories.
Meanwhile, the Total Consumption Poverty Line (TCPL), which includes both food and essential non-food expenses, was pegged at ZWG1,346.90 per person for the month.
“The Total Consumption Poverty Line (TCPL) for one person was ZWG1,346.90 in July 2026. TCPL is derived by adding the non-food consumption expenditures of an individual deemed to be extremely poor and the FPL,” ZimStat said.
The latest inflation figures suggest that price growth remains contained, with both annual and monthly ZiG inflation continuing on a downward trajectory, reinforcing recent gains in macroeconomic stability.
