Zambian Inflation Rate For April 2017 Stands At 6.7%

The annual Zambian inflation rate for April 2017 was recorded at 6.7 percent. However, the target year-end rate for 2017 is 9 percent. Is the target going to be met? 



The inflation target of 9.0 per cent for 2017 was announced by the Minister of Finance Felix C. Mutati, MP on Friday 11 November 2016.

Zambian InflationZambian Inflation - Shopping In Lusaka

To have an idea of how the actual inflation rate will be for 2017, let's look at the previous years' performances. This will give us insight of where we are coming from and where we are going.

In the year 2016, the annual rate of inflation was targeted at 7 per cent and December 2016, was close on target, closing the year at 7.5 percent.

The 2015 annual rate of inflation was targeted at 7 per cent. However, due to external pressures such falling international copper prices, the actual achievement in December 2015 was 21.1 per cent.

Trend of Annual Zambian Inflation Rate

Month 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Jan
7.0
21.8
7.7
7.3
7.0
6.4
9.0
9.6
16.0
9.3
Feb
6.8
22.9
7.4
7.6
6.9
6.0
9.0
9.8
14.0
9.5
Mar
6.7
22.2
7.2
7.7
6.6
6.4
9.2
10.2
13.1
9.8
Apr
6.7
21.8
7.2
7.8
6.5
6.5
8.8
9.2
14.3
10.1
May
21.3
6.9
7.8
7.0
6.6
8.9
9.1
14.7
10.9
Jun
21.0
7.1
7.9
7.3
6.7
9.0
7.8
14.4
12.1
Jul
20.2
7.1
8.0
7.3
6.2
9.0
8.4
14.0
12.6
Aug
19.6
7.3
8.0
7.1
6.4
8.3
8.2
14.3
13.2
Sept
18.9
7.7
7.8
7.0
6.6
8.8
7.7
13.0
14.2
Oct
12.5
14.3
7.9
6.9
6.8
8.7
7.3
12.3
15.2
Nov
8.8
19.5
8.1
7.0
6.9
8.1
7.1
11.5
15.3
Dec
7.5
21.1
7.9
7.1
7.3
7.2
7.9
9.9
16.6

In the year 2012, the Zambian government missed the set inflation target for the year 2012. December 2012 closed at 7.3 per cent against the predicted target of 7.0 per cent. 

The country was aiming for 7 percent in 2011. The actual turned out to be 7.2 percent.

In the year 2010, the year-end inflation was set at 8.0 percent. Come the month of December 2010, Zambia's inflation rate closed at 7.9 percent.

The 2009 Zambia inflation projection was fairly accurate. The year closed at 9.9 percent. The inflation target was projected at 10 percent.

The 2008 Zambia inflation target was set at 7 percent. By December 2008, the inflation rate was 16.6 percent, missed by 9.6 percent! 

Zambian Inflation…How Is It Calculated?

Maybe you have wondered about that! Incidentally, the inflation figures are released monthly by the Central Statistics Office in Lusaka. 

The items in the food basket include such items as mealie meal (both breakfast and roller meal), maize, vegetables, meats, kapenta, beans, fish, electricity… in fact anything that impacts on the cost of living of Zambians!. 

The percentage increase in yearly price movements for these products is monitored. Actually the inflation rate which is announced every month is the average of the monthly price movements of the previous 12 months.  

2016 Zambian Inflation Rates

December 2016November 2016October 2016September 2016August 2016July 2016June 2016May 2016, April 2016, March 2016, February 2016, January 2016

2015 Zambian Inflation Rates

December 2015November 2015October 2015August 2015July 2015June 2015May 2015April 2015, March 2015, February 2015, January 2015

2014 Monthly Inflation Rates

December 2014, November 2014, October 2014, September 2014, August 2014, July 2014, June 2014, May 2014 , April 2014, March 2014, February 2014, January 2014.

2013 Monthly Inflation Rates

December 2013, November 2013, October 2013, September 2013, August 2013, July 2013, June 2013, May 2013, April 2013, March 2013, February 2013, January 2013.

2012 Monthly Inflation Rates

December 2012, November 2012, October 2012, September 2012, August 2012, July 2012, June 2012, May 2012, April 2012, March 2012, February 2012, January 2012.

2011 Monthly Inflation Rates

December 2011, November 2011, October 2011, September 2011, August 2011, July 2011, June 2011 Zambia inflation, May 2011, April 2011, March 2011, February 2011, January 2011.

2010 Monthly Inflation Rates

December 2010, November 2010, October 2010, September 2010, August 2010, July 2010, June 2010, May 2010, April 2010, March 2010, February 2010, January 2010.

2009 Monthly Inflation Rates

December 2009, November 2009, October 2009, September 2009, August 2009, July 2009, June 2009, May 2009, April 2009, March 2009, February 2009, January 2009.

2008 Monthly Inflation Rates

December 2008, November 2008, October 2008, September 2008, August 2008, July 2008, June 2008, May 2008, April 2008, March 2008, February 2008, January 2008.


Love To Travel?
Find Great Hotel Deals Today!

Booking.com

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

Recent Posts

  1. Kisu Lodge – The Fountain Of Relaxation!

    Kisu lodge of Solwezi is the right choice for you if you are a busy business executive.

    Read More

  2. Floriana Executive Lodge Is A Five Star Service Lodge

    Floriana Executive Lodge offers five star services in Solwezi, next to The Royal Solwezi Hotel.

    Read More

  3. Kanyemba Lodge – A Wonderful Family Getaway In The Lower Zambezi

    Kanyemba Lodge is an ideal place to relax and savour the Zambezi River scenery in privacy. The surroundings at the lodge are excellent and the environment is simply reclusive.

    Read More

  1. Home
  2.  ›
  3. Economy
  4.  ›
  5. Inflation