December 2016 Zambian inflation Rate Closes At 7.5 Percent

The December 2016 Zambian inflation rate closed at 7.5 percent, just below the targeted rate of 7.7 percent as presented in the 2016 Zambian budget by the then Minister of Finance Mr Alexander B Chikwanda.


The recorded 7.5 percent December 2016 Zambian annual inflation rate was an improvement from 8.8% recorded in November 2016.

December 2016 Zambian Inflation RateBargaining Along The Road

This means that on average, between December 2015 and December 2016, prices increased by 7.5 percent.

Composition of the 7.5% Annual Inflation Rate

Food and non-alcoholic beverages products accounted for 4.1 percent while non-food products accounted for 3.4 percent.

Zambia Annual Inflation Rates From January 2016 To December 2016

It is interesting that Zambia has met the inflation target for 2016, which was set at 7.7 percent in the 2015 annual budget presentation.

Take a look at the 2016 inflation figures…

  • January 2016 - 21.8%
  • February 2016 – 22.9%
  • March 2016 – 22.2
  • April 2016 – 21.8
  • May 2016 – 21.3
  • June 2016 – 21.0
  • July 2016 – 20.2
  • August 2016 – 19.6
  • September 2016 – 18.9
  • October 2016 – 12.5
  • November 2016 – 8.8
  • December 2016 – 7.5%

What do you think? Figures don’t lie!

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