HARARE, June 26 (Xinhua) -- Zimbabwe's annual inflation rate in the local Zimbabwe Gold (ZiG) currency marginally rose to 4.7 percent in June, up from the previous month's 4.4 percent, according to data released by the Zimbabwe National Statistics Agency (ZIMSTAT) on Friday.
Month-on-month ZiG inflation also climbed to 0.6 percent in June from 0.5 percent in May. ZIMSTAT attributed the increase in inflation to higher energy, housing and water charges.
Month-on-month U.S. dollar inflation fell to 0.1 percent in June from 0.3 percent in May, while annual U.S. dollar inflation rose to 3.1 percent from 2.8 percent in May, ZIMSTAT said.
Despite inflationary pressures driven by the Middle East conflict, inflation is expected to stay within the single-digit level throughout 2026 owing to a tight monetary and fiscal policy stance.
The country recorded a single-digit annual ZiG inflation rate of 4.1 percent in January for the first time in over three decades, with authorities seeking to keep inflation low and stable to durably anchor macro-economic stability. ■
