Zambia’s annual inflation rate edged down to 22.7 percent in April of 2021 from 22.8 percent in the previous month, which was the highest since February 2016. On the monthly basis, consumer prices increased 2.2 percent, up from a 1.7 percent rise in March. source: Central Statistical Office of Zambia
Inflation Rate in Zambia averaged 10.36 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 May of 2021.
Inflation Rate in Zambia is expected to be 20.00 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 12.50 in 12 months time. In the long-term, the Zambia Inflation Rate is projected to trend around 10.00 percent in 2022 and 9.50 percent in 2023, according to our econometric models.