Zimbabwe’s month-on-month US dollar inflation increased to 1.06 percent in April 2026, according to the Reserve Bank of Zimbabwe, up from March’s 0.5 percent, driven mainly by fuel price hikes.
In January, month-on-month USD inflation stood at 0.1 percent.
The monetary authority said year-on-year USD inflation mirrored the uptrend, increasing to 2.16 percent in April, from 1.3 percent in March.
It said in April month-on-month ZWG inflation stood at 1.09 percent, and 4.84 percent year-on-year.
Commenting on the inflation trends, the Zimbabwe National Chamber of Commerce said: “The main (inflation) drivers were fuel price hikes and transport costs, with food and non-alcoholic beverages also contributing.”
The industry lobby and advocacy organisation, however, said “expectations are that inflation will remain within the single digit”.
As of May 2026, global inflation trends indicate renewed upward pressure, primarily driven by surging energy and fuel costs due to the ongoing Middle East conflict.