Inflation Rate 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 Rate Chart
This chart displays Inflation Rate (CPI, annual variation in %) for Zambia from 2013 to 2022.
Zambia Inflation Rate Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 6.6 | 7.5 | 9.2 | 15.7 | 22.0 |