Zambia Inflation Rate 1986-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Zambia inflation rate for 2022 was 10.99%, a 11.03% decline from 2021.
  • Zambia inflation rate for 2021 was 22.02%, a 6.29% increase from 2020.
  • Zambia inflation rate for 2020 was 15.73%, a 6.58% increase from 2019.
  • Zambia inflation rate for 2019 was 9.15%, a 1.66% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Sudan 138.81%
Sri Lanka 49.72%
Ghana 31.26%
Moldova 28.74%
Lao PDR 22.96%
Ukraine 20.18%
Pakistan 19.87%
Nigeria 18.85%
Sao Tome and Principe 18.01%
Mongolia 15.15%
Kyrgyz Republic 13.92%
Egypt 13.90%
Georgia 11.90%
Kosovo 11.58%
Uzbekistan 11.45%
Zambia 10.99%
Nicaragua 10.47%
Mauritania 9.53%
Honduras 9.09%
Tunisia 8.31%
Lesotho 8.27%
Bangladesh 7.70%
Kenya 7.66%
El Salvador 7.20%
India 6.70%
Morocco 6.66%
Cameroon 6.25%
Philippines 5.82%
Bhutan 5.64%
Solomon Islands 5.52%
Micronesia 5.41%
Cambodia 5.34%
Djibouti 5.18%
Indonesia 4.21%
Vietnam 3.16%
Republic of Congo 3.04%
Bolivia 1.75%
Zambia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 10.99% -11.03%
2021 22.02% 6.29%
2020 15.73% 6.58%
2019 9.15% 1.66%
2018 7.49% 0.92%
2017 6.58% -11.29%
2016 17.87% 7.76%
2015 10.11% 2.30%
2014 7.81% 0.83%
2013 6.98% 0.40%
2012 6.58% 0.15%
2011 6.43% -2.07%
2010 8.50% -4.89%
2009 13.40% 0.95%
2008 12.45% 1.79%
2007 10.66% 1.64%
2006 9.02% -9.30%
2005 18.32% 0.36%
2004 17.97% -3.43%
2003 21.40% -0.83%
2002 22.23% 0.84%
2001 21.39% -4.64%
2000 26.03% -0.76%
1999 26.79% 2.33%
1998 24.46% 0.04%
1997 24.42% -18.65%
1996 43.07% 8.14%
1995 34.93% -19.67%
1994 54.60% -128.71%
1993 183.31% 17.61%
1992 165.71% 68.06%
1991 97.64% -9.38%
1990 107.02% -16.38%
1989 123.40% 72.40%
1988 51.00% 3.96%
1987 47.05% -8.78%
1986 55.83% -8.78%