Zambia Inflation Rate

Last Release

Jul 31, 2025

Actual

Units In

14.1

Frequency

Monthly

Next Release

Aug 28, 2025

Time to Release

26 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
24.6 Jun 2021	6 Dec 2011	11.2 %	2005-2025	N/A

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. .

Latest Updates

Zambia's annual inflation rate decelerated for the third month to 13% in July 2025, reaching the lowest level since November 2023, though it remains above the central bank’s 8% upper target limit. As Africa’s second-largest copper producer, Zambia is benefiting from a surge in global copper prices, helping the kwacha appreciate nearly 20% against the US dollar since the beginning of the year, one of the strongest performances globally. Food inflation slowed to 15.3% in July from 16.7% in June, while non-food inflation eased to 9.7% from 10.3%. On a monthly basis, consumer prices edged up by 0.1%, after a 0.2% increase in the prior month.