Annual inflation rate in Zambia edged down to 15.8 percent in July of 2020 from 15.9 percent in June, mainly due to a slight slowdown in food inflation (16.1 percent vs 16.3 percent), namely cereals and vegetables. Nonfood inflation also eased (15.4 percent vs 15.5 percent), mainly purchases of motor vehicles, transport (34.1 percent vs 35.3 percent), and recreation and culture (8 percent vs 8.8 percent). In contrast, cost of housing and utilities went up 8.4 percent (8.2 percent in June). On a monthly basis, consumer prices went up 0.3 percent after a 0.2 percent rise in June.
Inflation Rate in Zambia averaged 9.91 percent from 2005 until 2020, 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 August of 2020. source: Central Statistical Office of Zambia
Inflation Rate in Zambia is expected to be 14.20 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 11.40 in 12 months time. In the long-term, the Zambia Inflation Rate is projected to trend around 11.00 percent in 2021 and 10.00 percent in 2022, according to our econometric models.