Home Zambia Prices & Inflation Inflation Rate

Zambia Inflation Rate

Consumer price inflation, annual %  FP.CPI.TOTL.ZG

14.20% −0.79pp (-5.3%)
Year 2025 Rank #17 Global Peak 183.31% (1993) Source World Bank

Zambia Inflation Rate (1980–2025)

Overview

Zambia's inflation rate stood at 14.20% in 2025, a decline of +0.79pp from 2024. The IMF projects 14.20% by 2025. Zambia ranked 17th globally.

Data & projection

Year Inflation Rate YoY change Rank
2030* IMF 7.00% - -
2029* IMF 7.00% - -
2028* IMF 7.00% - -
2027* IMF 7.44% - -
2026* IMF 9.16% - -
2025* IMF 14.20% - -
2025 14.20% −0.79pp #17
2024 14.99% +4.10pp #172
2023 10.88% −0.11pp #161
2022 10.99% −11.03pp #138
2021 22.02% +6.29pp #185
2020 15.73% +6.58pp #182
2019 9.15% +1.66pp #178
2018 7.49% +0.92pp #172
2017 6.58% −11.29pp #164
2016 17.87% +7.76pp #191
2015 10.11% +2.30pp #184
2014 7.81% +0.83pp #177
2013 6.98% +0.40pp #168
2012 6.58% −2.08pp #152
2011 6.43% −2.07pp #137
Show all years (1980-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +128.8% GDP growth 6.2% C/A balance 11.9%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Zambia matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is Zambia's inflation rate?

Zambia's inflation rate was 14.20% in 2025. Ranked 17th globally. This represents a 5.3% decrease from the previous year.

What was the highest inflation rate in Zambia?

Zambia's inflation rate peaked at 183.31% in 1993.

What was the lowest inflation rate in Zambia?

The lowest inflation rate in Zambia was 6.43% in 2011.

How does Zambia rank in inflation rate?

Zambia ranks 17th globally in inflation rate as of 2025.

What is the World Bank indicator code for inflation rate?

The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.

What is the projected inflation rate of Zambia in 2025?

Zambia's inflation rate is projected to reach 14.20% by 2025 based on IMF projection.

What is the inflation rate of Zambia in 2025?

The inflation rate of Zambia in 2025 was 14.20%. This ranks 17th in the world.

Cite this page

APA
Zambia Inflation Rate. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/zambia/inflation-rate
BibTeX
@misc{historysaid_zambia_inflation-rate, title = {Zambia Inflation Rate}, url = {https://historysaid.com/zambia/inflation-rate}, publisher = {HistorySaid}, year = {2026} }