{"id":14445,"date":"2025-11-03T16:40:18","date_gmt":"2025-11-03T14:40:18","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/zimbabwes-inflation-set-to-drop-amid-stable-currency-gold-boom\/"},"modified":"2026-02-27T16:27:02","modified_gmt":"2026-02-27T14:27:02","slug":"zimbabwes-inflation-set-to-drop-amid-stable-currency-gold-boom","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/zimbabwes-inflation-set-to-drop-amid-stable-currency-gold-boom\/","title":{"rendered":"Zimbabwe&#8217;s inflation set to drop amid stable currency, gold boom"},"content":{"rendered":"<div data-olk-copy-source=\"MessageBody\">\n<div>\n<p class=\"x_MsoNormal\">Zimbabwe&#8217;s annual inflation rate could halve from current levels by the end of 2025, driven by a stable local currency supported by high gold prices, according to a report by the Confederation of Zimbabwe Industries (CZI) released this Monday.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">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<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">This projection is attributed to negative month-on-month inflation in recent months and a stable ZiG currency, bolstered by surging gold prices.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;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,&#8221; the CZI said in its October 2025 Inflation and Currency Developments Update.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The CZI, Zimbabwe&#8217;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.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">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.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">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.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Zimbabwe has grappled with persistent inflation and currency instability for over two decades, with frequent dollarization episodes undermining confidence in local money.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">A sustained reduction in inflation would be a critical step toward restoring policy credibility and facilitating economic recovery in the Southern African nation.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n<\/div>\n","protected":false},"featured_media":14446,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-14445","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Zimbabwe has grappled with persistent inflation and currency instability for over two decades.","published_date":null,"news_description":"Zimbabwe has grappled with persistent inflation and currency instability for over two decades.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14445\/revisions"}],"predecessor-version":[{"id":19102,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14445\/revisions\/19102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14446"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14445"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}