The annual inflation rate in Zambia climbed for the seventh straight month to 22.8% in March of 2021, its highest level since February of 2016. Main upward pressure came from prices of food & non-alcoholic beverages (27.8% vs 27.3% in February), of which meats, fruits, eggs, sugar and cooking oil. Meantime, non-food inflation also picked up (17% vs 16.2%), mainly attributed to costs of garments, household rentals, charcoal and gas. On a monthly basis, consumer prices increased 1.7%, slowing from a 2.5% rise in February due to general price moderation in food and non-food items. source: Central Statistical Office of Zambia
Inflation Rate in Zambia averaged 10.29 percent from 2005 until 2021, reaching an all time high of 22.90 percent in February of 2016 and a record low of 6 percent in December of 2011. This page provides the latest reported value for - Zambia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Zambia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Inflation Rate in Zambia is expected to be 23.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Zambia to stand at 13.50 in 12 months time. In the long-term, the Zambia Inflation Rate is projected to trend around 10.00 percent in 2022 and 9.50 percent in 2023, according to our econometric models.