Inflation in Zambia

Zambia Inflation | Economic News & Forecasts

Zambia - Inflation

Incoming data suggests the economic environment remains challenging, following a lackluster first quarter of the year. Drought has dented agricultural production this year and pushed up inflation, while low copper prices, new taxes and an uncertain business environment have plagued the mining sector. Exports contracted by more than 10% in May, largely reflecting lower copper earnings due to low prices, while the Stanbic Bank PMI languished in contractionary territory in June for a fourth consecutive month. Moreover, the country is in a precarious situation regarding its external debt load. The country faces a heavy external debt payment service of almost USD 2.0 billion this year (approx. 7% of GDP) and dwindling reserves cast doubt on whether the country can fulfill these payments. Reflecting these concerns, Fitch Ratings downgraded Zambia’s rating to CCC in late June.

Zambia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)7.0  7.8  10.1  17.9  6.6  

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Zambia Inflation Chart


Zambia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Central Statistical Office

Zambia Facts

ValueChangeDate
Bond Yield31.380.0 %Jul 11
Exchange Rate12.540.0 %Jul 11
Stock Market0.30.0 %Jul 10

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