Zambia Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Zambia's inflation rate was 14.20% in 2025, ranked 17th globally. This represents a 5.3% decrease from 2024. Data from World Bank, covering 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.
Zambia’s inflation rate in 2025 stood at 14.20 %, placing the country 17th highest worldwide according to World Bank data. This figure follows a long‑term trajectory that began in 1980 with an inflation rate of 11.73 % and surged to an all‑time peak of 183.31 % in 1993, a period marked by severe macro‑economic instability and currency devaluation. The subsequent decline to the trough of 6.43 % in 2011 reflected a decade of tighter monetary policy, fiscal consolidation and improved commodity terms of trade. Compared with peers, Ghana’s 2025 inflation of 16.64 % remains higher, while Ukraine’s 12.64 % is lower, underscoring Zambia’s intermediate position within a group of emerging economies facing similar external price pressures. The current moderate inflation still exceeds the regional average, suggesting that continued diversification of export earnings, prudent fiscal management and a resilient exchange‑rate regime will be crucial to sustain any further downward movement in the coming years.
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 |
Detected Pattern
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
Zambia's inflation rate was 14.20% in 2025. Ranked 17th globally. This represents a 5.3% decrease from the previous year.
Zambia's inflation rate peaked at 183.31% in 1993.
The lowest inflation rate in Zambia was 6.43% in 2011.
Zambia ranks 17th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Zambia's inflation rate is projected to reach 14.20% by 2025 based on IMF projection.
The inflation rate of Zambia in 2025 was 14.20%. This ranks 17th in the world.
Cite this page
@misc{historysaid_zambia_inflation-rate,
title = {Zambia Inflation Rate},
url = {https://historysaid.com/zambia/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}