LUSAKA, June 25 – Zambia’s annual inflation rate slowed to its lowest level since early 2018 in June, signalling continued moderation in consumer price pressures as the country’s economic conditions improved.
According to the Statistician-General of Zambia Statistics Agency (ZamStats) Sheila Mudenda, consumer prices increased by 6.5% year-on-year in June, down slightly from 6.6% recorded in May.
On a monthly basis, prices rose by just 0.1%, indicating that inflationary pressures continued to ease across the economy.
The latest figures mark the lowest annual inflation rate recorded in more than eight years, bringing inflation closer to levels consistent with macroeconomic stability.
The decline reflects softer price increases across a broad range of goods and services, suggesting that previous inflationary pressures are gradually subsiding.
Lower inflation provides some relief for households and businesses by helping to preserve purchasing power while improving the broader economic environment.
The easing in price growth also strengthens Zambia’s macroeconomic outlook as the country continues implementing economic reforms aimed at restoring fiscal stability, attracting investment and supporting sustainable growth.
Analysts will be watching upcoming inflation data closely to assess whether the downward trend continues and how it may influence future monetary policy decisions by the Bank of Zambia.
The latest inflation reading adds to signs of improving economic conditions as Zambia continues its recovery following years of elevated inflation and fiscal challenges.
