Inflation in Zambia
Zambia - InflationIncoming 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
|Inflation Rate (CPI, annual variation in %)||7.0||7.8||10.1||17.9||6.6|
5 years of economic forecasts for more than 30 economic indicators.
Zambia Inflation Chart
Source: Central Statistical Office
|Bond Yield||31.38||0.0 %||Jul 11|
|Exchange Rate||12.54||0.0 %||Jul 11|
|Stock Market||0.3||0.0 %||Jul 10|
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