The ZWG annual inflation rate has tumbled to 32.7%, marking a significant step toward stability, the Zimbabwe National Statistics Agency (ZimStat) reported this week.

The Confederation of Zimbabwe Industries (CZI) had earlier projected a slowdown in annual inflation for October 2025, citing the consistent containment of month-on-month inflation within an average of 1.6% since the price shocks of September 2024.

According to ZimStat, annual inflation fell sharply from 82.7% in September 2025 to 32.7% in October 2025, representing nearly a 50% decline over the period.

"This means that prices, as measured by the all-items USD Consumer Price Index (CPI), increased by an average of 13.0% from October 2024 to October 2025. The year-on-year inflation rate is derived from the percentage change in the index of the current year's reference month compared with the same month of the previous year," said ZimStat.

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During the same period, the ZWG month-on-month inflation rate stood at -0.4%, slightly lower than the -0.2% recorded in September 2025, indicating a modest decline in average prices.

"This means that prices, as measured by the all-items ZWG CPI, decreased by an average rate of -0.4% from September 2025 to October 2025," the agency added.

The ZWG month-on-month Food and Non-Alcoholic Beverages inflation rate rose to 0.7% in October 2025, up 0.5 percentage points from 0.2% in September 2025. In contrast, the non-food inflation rate stood at -0.9%, compared to -0.5% the previous month.

On the USD front, the month-on-month inflation rate for October 2025 was 0.3%, up from 0.0% in September.

The USD year-on-year inflation rate (annual percentage change) for October 2025, as measured by the all-items USD CPI, was 13%, further underscoring a trend toward stabilising prices in both the local and foreign currency economies.