general
view
of
commuters
in
the
capital
Harare,
Zimbabwe,
April
1,
2025.
REUTERS/Philimon
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Annual
inflation
in
Zimbabwe
measured
in
the
Zimbabwe
Gold
(ZiG)
currency
fell
sharply
to
32.7%
in
October
from
82.7%
in
September,
the
CZI
said.
The
organization
expects
inflation
to
decline
further,
potentially
reaching
between
15%
and
20%
by
December
2025.
This
projection
is
attributed
to
negative
month-on-month
inflation
in
recent
months
and
a
stable
ZiG
currency,
bolstered
by
surging
gold
prices.
“The
policy
target
is
for
an
annual
ZiG
inflation
of
about
30%.
The
negative
month-on-month
inflation
for
the
past
two
months
has
helped
increase
chances
of
this
happening,”
the
CZI
said
in
its
October
2025
Inflation
and
Currency
Developments
Update
The
CZI,
Zimbabwe’s
main
business
lobby
representing
manufacturing
and
industrial
firms,
publishes
independent
macroeconomic
data
that
investors
use
as
an
early
indicator
of
domestic
price
and
currency
trends.
The
ZiG
currency,
partly
backed
by
gold,
has
maintained
stability
in
official
markets,
with
a
parallel
market
premium
of
approximately
20%,
analysts
at
Oxford
Economics
said.
Gold
production
in
Zimbabwe
is
forecast
to
surpass
the
record
38.4
tonnes
achieved
in
2024,
driven
by
high
bullion
prices,
according
to
the
same
analysts.
Zimbabwe
has
grappled
with
persistent
inflation
and
currency
instability
for
over
two
decades,
with
frequent
dollarization
episodes
undermining
confidence
in
local
money.
A
sustained
reduction
in
inflation
would
be
a
critical
step
toward
restoring
policy
credibility
and
facilitating
economic
recovery
in
the
Southern
African
nation.