Inflation Zambia 2017
Average inflation: 6.6%
Current Inflation
Inflation is very high at 6.6%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 7.0%. The lowest inflation was in December at 6.1%.
- Highest month
- January: 7.0%
- Lowest month
- December: 6.1%
- Difference
- 0.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 10.9%. The lowest price increase was in Food with an average of 5.8%.
- Highest increase
- Energy: 10.9%
- Lowest increase
- Food: 5.8%
Historical Context
Current inflation is 3.3% lower than the 5-year average of 9.9%. This approaches the lowest level since records began (6.4% in 2011).
- 5-year average
- 9.9%
- 10-year average
- 8.9%
- All-time high (2016)
- 18.2%
- All-time low (2011)
- 6.4%
Trend
Inflation shows a downward trend. Compared to 2016, inflation has fallen by +11.6 percentage point.
- Change vs. previous year
- -11.6 percentage points
- Largest monthly swing
- February: -16.1 percentage points
ECB Target
Inflation is 4.6% 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 €106.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 7.0% | -14.8 |
| February | 6.8% | -16.1 |
| March | 6.7% | -15.5 |
| April | 6.7% | -15.1 |
| May | 6.5% | -14.8 |
| June | 6.8% | -14.2 |
| July | 6.6% | -13.6 |
| August | 6.3% | -13.3 |
| September | 6.6% | -12.3 |
| October | 6.4% | -6.1 |
| November | 6.3% | -2.5 |
| December | 6.1% | -1.4 |
| Average | 6.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.