Monthly food inflation rate in Zimbabwe 2019-2021
The food inflation rate in Zimbabwe stood at almost 339.73 percent in September 2022 compared to the same month one year prior. Before the period observed, Zimbabwe was already facing hyperinflation and an economic recession. The coronavirus (COVID-19) pandemic did not make it any easier, exacerbating the problem further in 2020. However, the country implemented some reforms to the foreign exchange market along with the widening of the tax base in 2020, which helped reduce the overall inflation rate. It is worth noting that a new Zimbabwean dollar was introduced in 2019 after its older counterpart was suspended in 2009.