Zambia's annual inflation rate decelerated for the tenth straight month to 10.2% in May of 2022, from 11.5% in the previous month. It was the lowest reading since August of 2019, in part due to a stronger kwacha. Prices slowed further for both food (12.3% vs 14.1% in April) and non-food products (7.5% vs 8.2%), including fuels & lubricants and clothing & footwear. On a monthly basis, consumer prices were up 0.8%, following a 0.7% increase in the previous month. source: Central Statistical Office of Zambia
Inflation Rate in Zambia averaged 10.89 percent from 2005 until 2022, 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 June of 2022.
Inflation Rate in Zambia is expected to be 9.50 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 8.00 percent in 2023 and 7.00 percent in 2024, according to our econometric models.