Staff Reporter

Zimbabwe’s economic growth agenda remains on track, with February inflation figures reflecting steady progress towards price stability and increased consumer confidence.

Data from the Zimbabwe National Statistics Agency (ZIMSTAT) indicates that the Zimbabwe Gold (ZiG) inflation dropped by 10% to 0.5%, while the United States Dollar inflation rate also declined by a similar margin.

According to ZIMSTAT, the trend means that prices, as measured by the All Items Consumer Price Index (AICP), increased by an average of 0.5% between January and February 2025. This drop in inflation sets a promising foundation for continued economic stability.
“The latest data confirms that price stability is achievable, and there is strong commitment from authorities to contain inflation,” said Confederation of Zimbabwe Industries (CZI) Macroeconomics Committee Chairperson, Jimmy Pscillos.

He emphasised that while a drop in inflation does not necessarily mean a reduction in prices, the decline in the rate of price increases is a crucial step toward a stable economic climate.
“This is a commendable development, particularly for industry, as it fosters a predictable business environment, reduces costs, and supports overall economic growth,” he added.

The decline in inflation is largely attributed to a tight monetary policy stance by the Reserve Bank of Zimbabwe (RBZ).
RBZ Monetary Policy Committee member, Persistence Gwanyanya emphasised that maintaining this trend requires authorities to stay committed to stabilising pricing models in the economy

“So far, everything is pointing towards a positive economic outlook, supported by the strong performance of Zimbabwe Gold against major trading currencies. Moving forward, the Government and the private sector must work together to identify inflationary pressures and implement strategies that ensure long-term stability,” he added.

Economic analysts believe that price stability can be sustained if authorities continue to guard against global shocks, regulate liquidity, and maintain a predictable exchange rate regime.
The RBZ remains optimistic, projecting monthly inflation to average 3% or lower in 2025.
With inflationary pressures easing and Government policies driving economic stability, Zimbabwe’s economy is poised for sustained growth, creating a more predictable and favourable environment for businesses and consumers alike.