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.

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Zambia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
15.80 15.90 22.90 6.00 2005 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-30 08:15 AM Apr 15.7% 14% 14.6%
2020-05-28 08:20 AM May 16.6% 15.7% 16%
2020-06-25 08:30 AM Jun 15.9% 16.6% 17.1%
2020-07-30 08:30 AM Jul 15.8% 15.9% 15.4%
2020-08-28 08:20 AM Aug 15.8% 14.8%
2020-09-25 08:15 AM Sep 14.2%
2020-10-30 08:10 AM Oct
2020-11-27 08:15 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Zambia Inflation Rate Edges Down to 15.8%
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.
2020-07-30
Zambia Inflation Rate Slows for 1st Time in Over a Year
The annual inflation rate in Zambia eased for the first time in fifteen months to 15.9 percent in June of 2020 from 16.6 percent in May, as the kwacha recovered some ground during the month. Meantime, prices slowed for food (16.3 percent vs 17.5 percent in May) while inflation remained steady for non-food products (at 15.5 percent). On a monthly basis, consumer prices were up 0.2 percent, following a 1.6 percent increase in the previous month.
2020-07-01
Zambia May Inflation Rate Nears 4-Year High of 16.6%
The annual inflation rate in Zambia quickened for a 14th consecutive month to 16.6 percent in May of 2020 from 15.7 percent in the previous month. It was the highest inflation rate since September of 2016, as prices advanced faster for both food (17.5 percent vs 17 percent in April) and non-food products (15.5 percent vs 14.2 percent). The continued depreciation of the kwacha which accelerated sharply following the coronavirus outbreak also has been pushing prices higher. On a monthly basis, consumer prices increased 1.6 percent compared to a 2.2 percent rise in the prior month.
2020-05-28
Zambia April Inflation Rate Highest since 2016
The annual inflation rate in Zambia quickened for a 13th consecutive month to 15.7 percent in April of 2020 from 14 percent in the previous month. It was the highest inflation rate since September of 2016, amid the continued depreciation of the kwacha. The currency has weakened 2.5 percent against the greenback this month and around 24 percent so far this year, as coronavirus heightened default concerns. Main upward pressure came from prices of food & non-alcoholic beverages (17 percent vs 15.2 percent in March); transport (40.1 percent vs 31 percent) and housing & utilities (17.1 percent vs 17.4 percent). On a monthly basis, consumer prices inched up 2.2 percent, after rising 1.2 percent in the previous month.
2020-04-30

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. .