Inflation Zambia 2014
Average inflation: 7.8%
Current Inflation
Inflation is very high at 7.8%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 8.1%. The lowest inflation was in January at 7.3%.
- Highest month
- November: 8.1%
- Lowest month
- January: 7.3%
- Difference
- 0.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 9.7%. The lowest price increase was in Food with an average of 7.2%.
- Highest increase
- Energy: 9.7%
- Lowest increase
- Food: 7.2%
Historical Context
Current inflation is 0.9% higher than the 5-year average of 6.9%. This approaches the highest level since records began (7.8% in 2014).
- 5-year average
- 6.9%
- 10-year average
- 6.9%
- All-time high (2014)
- 7.8%
- All-time low (2011)
- 6.4%
Trend
Inflation shows an upward trend. Compared to 2013, inflation has risen by +0.8 percentage point.
- Change vs. previous year
- +0.8 percentage points
- Largest monthly swing
- April: +1.2 percentage points
ECB Target
Inflation is 5.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €107.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 7.3% | +0.3 |
| February | 7.6% | +0.7 |
| March | 7.7% | +1.1 |
| April | 7.7% | +1.2 |
| May | 7.8% | +0.8 |
| June | 7.9% | +0.6 |
| July | 8.0% | +0.7 |
| August | 8.0% | +0.9 |
| September | 7.8% | +0.8 |
| October | 7.9% | +1.0 |
| November | 8.1% | +1.1 |
| December | 7.9% | +0.8 |
| Average | 7.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.