The annual inflation rate in Zambia soared to 8.6 percent in June 2019 from 8.1 percent in the prior month, hitting its highest level since November 2016. Prices rose faster mostly for transport (21.4% vs 14.5% in May), especially the purchase of motor vehicles and food & non-alcoholic beverages (9.2% vs 9.1%), namely dried & fresh Bream fish, Buka Buka fish, fresh & dried Kapenta and cooking oil. Meanwhile, inflation slowed for housing & utilities (5.9% vs 6.0%); clothing & footwear (6.0% vs 6.4%) and restaurants & hotels (6.5% vs 6.6%). On a monthly basis, consumer prices went up 0.7 percent, after a 0.9 percent increase in the prior month. Inflation Rate in Zambia averaged 9.68 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.

Inflation Rate in Zambia is expected to be 7.80 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 9.80 in 12 months time. In the long-term, the Zambia Inflation Rate is projected to trend around 10.00 percent in 2020, according to our econometric models.

Zambia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-28 08:20 AM Inflation Rate YoY 7.5% 7.8% 7.7%
2019-04-25 11:15 AM Inflation Rate YoY 7.7% 7.5% 7.6%
2019-05-30 08:20 AM Inflation Rate YoY 8.1% 7.7% 7.8%
2019-06-28 08:30 AM Inflation Rate YoY 8.6% 8.1% 7.8%
2019-07-26 09:00 AM Inflation Rate YoY 8.6% 8.3%
2019-08-30 08:30 AM Inflation Rate YoY 8.0%
2019-09-27 08:15 AM Inflation Rate YoY 8.3%


Zambia Prices Last Previous Highest Lowest Unit
Inflation Rate 8.60 8.10 22.90 6.00 percent [+]
Food Inflation 9.20 9.10 26.50 3.50 percent [+]
Inflation Rate Mom 0.70 0.90 6.20 -0.30 percent [+]
Cpi Housing Utilities 243.63 243.34 243.63 107.92 Index Points [+]
CPI Transportation 274.82 259.73 274.82 103.50 Index Points [+]
Consumer Price Index Cpi 228.54 226.84 228.54 82.70 Index Points [+]


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. . 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.60 8.10 22.90 6.00 2005 - 2019 percent Monthly




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 May/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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