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2013 Zambian Inflation Target Set At 7 percent.
Actual Was 7.3 Percent

How was the 2013 Zambian inflation rate like in 2013?


2013 Zambian inflation target of 7.0 per cent was announced by Minister of finance Mr Alexander B Chikwanda on 12 October 2013 during his Budget Speech. The theme of the budget was ‘Delivering inclusive development and social justice’.

What were the monthly rates?

Budget Verses Actual

Though the country hit the end of year target of 7 percent for the month of January 2013, it failed by 0.1 percentage points to hit the end of year inflation target of 7.0 per cent, and the actual turned out to be 7.1 percent.

The country saw the inflation rate stand at 7 percent from January, then droped slightly to 6.9 percent in February.

The rate stayed that way or slightly lower during the following months until June and July when it increased to 7.1 per cent.

Below are the monthly inflation figures recorded during the year:

Monthly Inflation Rates

December 2013

The December 2013 Zambia rate close at 7.1 percent for the year.

November 2013

The November 2013 inflation rate increased to 7.0 percent from 6.9 percent recorded in October.

October 2013

October 2013 inflation decreased to 6.9 percent from 7 percent recorded in August

September 2013

The September 2013 inflation decreased by 0.1 percent from 7.1 percent recorded in August.

August 2013

The August 2013 inflation down by 0.2 percentage points from 7.3 last month to 7.1 percent in August.

July 2013

The July 2013 inflation rate remained unchanged at 7.3 per cent, the same as that of June 2013.

June 2013

The June 2013 inflation increases marginally by 0.3 percent!

May 2013

Up goes the May 2013 inflation to 7 per cent!

April 2013

The April 2013 inflation rate – still down again, to 6.5 Percent!

March 2013

The March 2013 inflation rate – down again, now to 6.6 Percent!

February 2013

The February 2013 Zambia inflation rate dips to 6.9 percent.

January 2013

The inflation rate for the month of January 2013 hit the end of year target of 7.0 percent!

You Can Also Read The Following Related Pages On The Zambian Inflation Rates

Zambia Inflation Figures For 2012

Zambia Inflation Figures For 2011

Zambia Inflation Figures For 2010

Zambia Inflation Figures For 2009

Zambia Inflation Figures For 2008



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