Zim 635% annual inflation rate topped global charts in 2024: IMF

THE International Monetary Fund (IMF) has reported that Zimbabwe’s annual inflation rate reached 635,31% last year, the highest in the world amid growing ZiG volatility.

Zimbabwe led all the nations, followed by Argentina with an annual inflation rate of 229,8%, Sudan (200,1%), South Sudan (120,6%), and Turkiye (60,9%) rounding up the top five globally.

Local authorities have abandoned reporting the annual inflation rate because the ZiG currency was introduced in April, thus, such reports are expected to resume starting this April.

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