Consumer prices in Zambia rose by 0.5 percent month-on-month in January 2026, easing from a ten-month high of 1.5 percent increase in the previous month. Inflation Rate MoM in Zambia averaged 0.89 percent from 2008 until 2026, reaching an all time high of 6.20 percent in October of 2015 and a record low of -0.50 percent in September of 2021. source: Central Statistical Office, Zambia

Inflation Rate MoM in Zambia is expected to be 0.40 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 MoM is projected to trend around 0.70 percent in 2027 and 1.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-24 08:30 AM
Inflation Rate MoM
Dec 1.5% 0.7% 0.1%
2026-01-28 08:20 AM
Inflation Rate MoM
Jan 0.5% 1.5% 0.8%
2026-02-26 08:30 AM
Inflation Rate MoM
Feb 0.5% 0.2%


Related Last Previous Unit Reference
Consumer Price Index CPI 545.19 542.67 points Jan 2026
Food Inflation 10.90 12.90 percent Jan 2026
Inflation Rate YoY 9.40 11.20 percent Jan 2026
Inflation Rate MoM 0.50 1.50 percent Jan 2026


Zambia Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.
Actual Previous Highest Lowest Dates Unit Frequency
0.50 1.50 6.20 -0.50 2008 - 2026 percent Monthly