THE United States dollar annual inflation rate continued to remain elevated at 15% for March, as exchange rate volatility continues to keep businesses pricing their goods and services to preserve value.
Businesses continue to favour the US dollar in pricing goods and services as the ZiG’s value is being controlled by the central bank and is not truly reflective of current market dynamics.
In newly released inflation data for March, the Zimbabwe National Statistics Agency (ZimStat) reported that the US dollar month-on-month inflation rate was 0,1, shedding 0,1 percentage points on the February comparison of 0,2%.
Meanwhile, the ZiG month-on-month inflation rate was -0,1% in March, shedding -0,6 percentage points on the February rate of 0,5%.
These distortions of improved ZiG pricing and elevated US dollar pricing for goods and services reflect the exchange rate volatility and central bank induced liquidity crunch to artificially preserve the domestic currency’s
value.
- Trade unions warn of globalisation pitfalls
- Old Mutual links assets to liabilities amid ZiG volatility
- New labour body to champion workers’ rights in Zimbabwe
- NetOne launches MoGigs to bridge digital divide
- Insurance scheme insulates provides farmers buffer against climate change
“The USD year-on-year inflation rate (annual percentage change) for the month of March 2025 as measured by the all-items USD Consumer Price Index (CPI), was 15%,” Zimstat said.
“This means that prices, as measured by the all-items USD CPI, increased by an average of 15.0% between March 2024 and March 2025.
