The annual inflation rate in Zambia soared for the sixth straight month to 22.2% in February of 2021, reaching its highest level since March of 2016. Food inflation was the highest since at least January of 2011 (27.3% vs 25.6% in January), driven by prices of cereals; meats; fish; fruits; vegetables fats & oils and milk and eggs. Meanwhile, non-food inflation slower further (16.2% vs 16.7%), of which housing & utilities (13.2% vs 14.6%) and transport (29.3% vs 38.6%). On a monthly basis, consumer prices were up 2.5%, slowing from a 3.7% rise in the previous month. source: Central Statistical Office of Zambia
Inflation Rate in Zambia averaged 10.23 percent from 2005 until 2021, 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 March of 2021.
Inflation Rate in Zambia is expected to be 16.40 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 13.50 in 12 months time. In the long-term, the Zambia Inflation Rate is projected to trend around 10.00 percent in 2022, according to our econometric models.