Inflation Rate (CPI): Zambia
Zambia's inflation rate (cpi) is currently 9.2% as of 2026. # Zambia Inflation Rate (CPI) Zambia's inflation rate stands at 9.
Current (2026)
9.2%
-35.2% y/y
Peak (1993)
158.4%
Low (2012)
6.6%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Zambia
1980 — 2026
Inflation Rate (CPI) — Zambia
Analysis# Zambia Inflation Rate (CPI)
Zambia's inflation rate stands at 9.2% in 2026, down sharply from the recent peak of 15.0% in 2024. The country has achieved substantial long-term price stability since 1980, with a net decline of 21.4 percentage points over that span. While current inflation remains elevated compared to the all-time low of 6.6% recorded in 2012, the trajectory demonstrates meaningful progress from the hyperinflation crisis of 1993, when CPI inflation reached 158.4%.
The 2020–2022 period marked a critical turning point, with inflation surging to 22% in 2021 before moderating. Since that peak, Zambia has maintained a consistent downward trend, declining from 15% in 2024 to 9.2% in 2026. This deceleration suggests stabilization efforts are gaining traction, positioning inflation closer to historical norms and signaling potential further moderation in coming years.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 7.0% | +0.00% |
| 2029 | 7.0% | +0.00% |
| 2028 | 7.0% | -5.41% |
| 2027 | 7.4% | -19.57% |
| 2026 | 9.2% | -35.21% |
| 2025 | 14.2% | -5.33% |
| 2024 | 15.0% | +37.61% |
| 2023 | 10.9% | -0.91% |
| 2022 | 11.0% | -50.00% |
| 2021 | 22.0% | +40.13% |
| 2020 | 15.7% | +70.65% |
| 2019 | 9.2% | +22.67% |
| 2018 | 7.5% | +13.64% |
| 2017 | 6.6% | -63.13% |
| 2016 | 17.9% | +77.23% |
| 2015 | 10.1% | +29.49% |
| 2014 | 7.8% | +11.43% |
| 2013 | 7.0% | +6.06% |
| 2012 | 6.6% | -24.14% |
| 2011 | 8.7% | +2.35% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 8.5% | -36.57% |
| 2009 | 13.4% | +8.06% |
| 2008 | 12.4% | +15.89% |
| 2007 | 10.7% | +18.89% |
| 2006 | 9.0% | -50.82% |
| 2005 | 18.3% | +1.67% |
| 2004 | 18.0% | -15.89% |
| 2003 | 21.4% | -3.60% |
| 2002 | 22.2% | +3.74% |
| 2001 | 21.4% | -11.20% |
| 2000 | 24.1% | +0.84% |
| 1999 | 23.9% | +5.29% |
| 1998 | 22.7% | +6.07% |
| 1997 | 21.4% | -44.56% |
| 1996 | 38.6% | +22.54% |
| 1995 | 31.5% | -31.67% |
| 1994 | 46.1% | -70.90% |
| 1993 | 158.4% | +7.98% |
| 1992 | 146.7% | +71.98% |
| 1991 | 85.3% | -9.16% |
| 1990 | 93.9% | -17.05% |
| 1989 | 113.2% | +147.16% |
| 1988 | 45.8% | +6.51% |
| 1987 | 43.0% | -10.42% |
| 1986 | 48.0% | +28.34% |
| 1985 | 37.4% | +87.00% |
| 1984 | 20.0% | +1.52% |
| 1983 | 19.7% | +57.60% |
| 1982 | 12.5% | -10.71% |
| 1981 | 14.0% | +19.66% |
| 1980 | 11.7% | — |
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