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.

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Zambia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-27 08:40 AM Apr 11.5% 13.1% 12.6%
2022-05-26 08:20 AM May 10.2% 11.5% 10.8%
2022-06-30 08:00 AM Jun 10.2% 9.7%


Related Last Previous Unit Reference
Inflation Rate 10.20 11.50 percent May 2022
CPI Transportation 451.99 450.18 points May 2022
CPI Housing Utilities 368.08 366.47 points May 2022

Zambia Inflation Rate
In Zambia, the four main components of the consumer price index are: Food and Non-Alcoholic Beverages (54 percent of total weight); Housing and Utilities (11 percent); Furnishings, Household Equipment and Routine Maintenance of the House (8 percent) and Clothing and Footwear (8 percent). Others include: Transport (6 percent); Miscellaneous Goods and Services (5 percent) and Education (3 percent). Alcoholic Beverages and Tobacco, Recreation and Culture, Communications, Health and Restaurants and Hotels account for the remaining 5 percent of total weight. .
Actual Previous Highest Lowest Dates Unit Frequency
10.20 11.50 24.60 6.00 2005 - 2022 percent Monthly

News Stream
Zambia Inflation Rate at Near 3-Year Low
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.
2022-05-30
Zambia Inflation Rate Slows for 9th Month to 2-1/2-Year Low
Zambia's annual inflation rate decelerated for the ninth straight month to 11.5% in April of 2022, from 13.1% in the previous month. It was the lowest reading since November 2019, amid a slowdown in prices of both food (14.1% vs 15.3% in March) and non-food products (8.2% vs 10.3%). On a monthly basis, consumer prices were up 0.7%, slowing from a 0.8% rise in the previous month. The slowdown corroborates the central bank's expectations that inflation is trending downwards and could ease pressure on the monetary policy committee to hike interest rates on May 17th. The Central Bank of Zambia raised its key interest rate by 100bps in 2021 as inflation has been above the upper bound of the 6-8% target range since May 2019.
2022-04-27
Zambia Inflation Rate at Over 2-Year Low
Zambia's annual inflation rate decelerated for the eighth straight month to 13.1% in March of 2022, from 14.2% in the previous month. It was the lowest reading since January of 2020, amid a slowdown in prices of both food (15.3% vs 16% in February) and non-food products (10.3% vs 11.8%). On a monthly basis, consumer prices were up 0.8%, slowing from a 1.7% rise in the previous month.
2022-03-31