Annual inflation rate in Zambia fell marginally to 15.5 percent in August of 2020 from 15.8 percent in July, as food prices slowed slightly (15.5 percent vs 16.1 percent), namely cereals and vegetables. Meantime, non-food inflation remained sharp (at 15.4 percent), mainly attributable to the prices of transport (33.9 percent vs 34.1 percent); housing & utilities (18.8 percent vs 18.4 percent) and health (12.5 percent vs 12.4 percent). On a monthly basis, consumer prices inched up 0.5 percent, after increasing 0.3 percent in the prior month, mostly driven by food prices.
Inflation Rate in Zambia averaged 9.94 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 September 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.