Inflation in Zambia
Inflation increased to 10.2% in April from March’s 9.9%, moving further away from the Central Bank’s 6.0–8.0% target range. The acceleration was driven by a broad-based uptick in price pressures. The Bank sees inflation remaining above target during this year and the next. Accordingly, on 15–16 May, it raised the key policy rate to 9.50% from 9.25%.
Zambia Inflation Chart
This chart displays Inflation (CPI, ann. var. %, eop) for Zambia from 2013 to 2022.
Zambia Inflation Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, eop) | 6.1 | 7.9 | 11.7 | 19.2 | 16.4 |