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Zambia Inflation

Zambia Inflation

Inflation in Zambia

Consumer price inflation in Zambia averaged 11.5% in the ten years to 2022. This was above the Sub-Saharan Africa regional average of 9.4%. However, the average inflation figure for 2022 was 11.0%. For more inflation information, visit our dedicated page.

Zambia Inflation Chart

Note: This chart displays Inflation Rate (CPI, annual variation in %) for Zambia from 2014 to 2023.
Source: Central Statistical Office Zambia.

Zambia Inflation Data

2018 2019 2020 2021 2022
Inflation (CPI, ann. var. %, aop) 7.5 9.2 15.7 22.0 11.0
Inflation (CPI, ann. var. %, eop) 7.9 11.7 19.2 16.4 9.9
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Zambian inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Zambian inflation.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Zambian inflation projections.

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