Jl

Zimbabwe Inflation June 2018- October 2021

wdt_ID year month annual monthly
1 2018 June 62,62 -0,05
2 2018 July 63,23 0,98
3 2018 August 63,48 0,39
4 2018 September 64,06 0,92
5 2018 October 74,59 16,44
6 2018 November 81,45 9,20
7 2018 December 88,45 9,03
8 2019 January 98,35 10,75
9 2019 February 100,00 1,67
10 2019 March 104,38 4,38
11 2019 April 110,14 5,52
12 2019 May 123,95 12,54
13 2019 June 172,61 39,26
14 2019 July 208,92 21,04
15 2019 August 246,68 18,07
16 2019 September 290,39 17,72
17 2019 October 402,92 38,75
18 2019 November 473,28 17,46
19 2019 December 551,63 16,55
20 2020 January 473,00 2,20
21 2020 February 540,16 13,52
22 2020 March 676,39 26,59
23 2020 April 756,57 17,64
24 2020 May 785,55 15,13
25 2020 June 737,26 31,66
26 2020 July 837,53 35,53
27 2020 August 761,02 8,44
28 2020 September 659,40 3,83
29 2020 October 471,25 4,37
30 2020 November 401,66 3,15
31 2020 December 348,59 4,22
32 2021 January 362,63 5,43
33 2021 February 321,59 3,45
34 2021 March 240,55 2,26
35 2021 April 194,07 1,58
36 2021 May 161,91 2,54
37 2021 June 106,64 3,88
38 2021 July 56,37 2,56
39 2021 August 50,24 4,18
40 2021 September 51,55 4,73
41 2021 October 54,49 6,40
year month annual monthly

A note on blended inflation

About a year after banning the domestic use of foreign currency the government relented after runaway inflation and constant surges in the ZWL: USD exchange rate. Statutory Instrument 185 of 2020 was introduced which allowed people to use foreign currency including Rands, USD and Pula to make domestic transactions. Of all these, the US dollar has dominated making it the de facto second currency.

ZimStat, the government agency tasked with calculating inflation figures introduced Blended Inflation figures shortly afterwards. The rationale behind these is that since people were earning both USD and ZWL at the same time the government would track prices changes in both currencies and create a weighted average inflation figure. What it means is that the government would track changes in USD prices of items as well as ZWL prices changes and use transaction volumes to compute the ultimate inflation figure.

We do not agree with this methodology or doubt its validity which is dubious at best. Apart from the political benefits of giving lower inflation figures, there is really no use for these figures. The Institute of Chartered Accountants of Zimbabwe (ICAZ) has already directed its members to use the general inflation rate when preparing accounts. This means entities should only use the CPI and not the chimera that is the blended CPI.

We only show normal inflation figures and not blended inflation figures.

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