The annual inflation rate in Zambia eased to 24.4 percent in August of 2021, from 24.6 percent in July which was the highest inflation rate since March of 2015. Inflation slowed mainly for transport (7.3 percent vs 18.8 percent in July) while advanced for food & non-alcoholic beverages (31.6 percent vs 31.2 percent), housing & utilities (22.7 percent vs 21.6 percent), recreation & culture (15.9 percent vs 13.6 percent) and miscellaneous goods & services (15.4 percent vs 13.7 percent). Also, inflation remained steady for health (at 12.3 percent) and education (at 5.6 percent). On a monthly basis, consumer prices were up 0.4 percent after increasing 0.3 percent in the prior month. source: Central Statistical Office of Zambia
Inflation Rate in Zambia averaged 10.65 percent from 2005 until 2021, reaching an all time high of 24.60 percent in June of 2021 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 September of 2021.
Inflation Rate in Zambia is expected to be 24.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zambia Inflation Rate is projected to trend around 16.00 percent in 2022 and 12.00 percent in 2023, according to our econometric models.