Zambia's annual inflation rate decelerated for the 11th straight month to 9.7% in June of 2022, from 10.2% in the previous month. The last time the country's inflation rate was under 10% was in August 2019. Prices slowed further for both food (11.9% vs 12.3% in May) and non-food products (6.9% vs 7.5%), largely due to a stronger kwacha. On a monthly basis, consumer prices were up 0.9%, following a 0.8% increase in the previous month. source: Central Statistical Office of Zambia
Inflation Rate in Zambia averaged 10.88 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 July of 2022.
Inflation Rate in Zambia is expected to be 9.70 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.