The annual inflation rate in Zambia rose to 11.7 percent in December 2019 from 10.8 percent in the prior month, mainly due to higher prices of food (15.2 percent vs 13.5 percent in November). On a monthly basis, consumer prices inched up 1.6 percent, after increasing 1 percent in the previous month.
Inflation Rate in Zambia averaged 9.71 percent from 2005 until 2019, 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. source: Central Statistical Office of Zambia
Inflation Rate in Zambia is expected to be 10.00 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 8.20 in 12 months time. In the long-term, the Zambia Inflation Rate is projected to trend around 8.40 percent in 2020, according to our econometric models.