Inflation Zambia 2015
Average inflation: 10.0%
Current Inflation
Inflation is very high at 10.0%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 21.1%. The lowest inflation was in May at 6.9%.
- Highest month
- December: 21.1%
- Lowest month
- May: 6.9%
- Difference
- 14.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 11.0%. The lowest price increase was in Energy with an average of 7.7%.
- Highest increase
- Food: 11.0%
- Lowest increase
- Energy: 7.7%
Historical Context
Current inflation is 2.4% higher than the 5-year average of 7.6%. This approaches the highest level since records began (10.0% in 2015).
- 5-year average
- 7.6%
- 10-year average
- 7.6%
- All-time high (2015)
- 10%
- All-time low (2011)
- 6.4%
Trend
Inflation shows an upward trend. Compared to 2014, inflation has risen by +2.2 percentage point.
- Change vs. previous year
- +2.2 percentage points
- Largest monthly swing
- December: +13.2 percentage points
ECB Target
Inflation is 8.0% 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 €110.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2015
Month overview
| Month | Inflation | Difference vs. 2014 |
|---|---|---|
| January | 7.7% | +0.4 |
| February | 7.4% | -0.2 |
| March | 7.2% | -0.5 |
| April | 7.2% | -0.5 |
| May | 6.9% | -0.9 |
| June | 7.1% | -0.8 |
| July | 7.1% | -0.9 |
| August | 7.3% | -0.7 |
| September | 7.7% | -0.1 |
| October | 14.3% | +6.4 |
| November | 19.5% | +11.4 |
| December | 21.1% | +13.2 |
| Average | 10.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.