Zambia Inflation Rate Softens to Near 1-Year Low
Zambia’s annual inflation rate fell to a near one-year low of 15.3% in May 2025, easing from 16.5% in each of the previous two months. Food inflation decelerated for the third month to 17.9%, from April’s 18.7%, as favourable rainfall helped bring down corn meal and vegetable prices.
On a monthly basis, consumer prices rose by 0.3% in May, decelerating from a 1% increase in the prior month. Recall that the Central Bank of Zambia kept its benchmark interest rate unchanged at 14.5% during its regular meeting on May 23rd, 2025, after two consecutive hikes of 50 bps in February and November.
The annual inflation was at the softest in five months, but still well above the central bank’s 6%-8% target range. #Zambia Inflation Rate Softens to Near 1-Year Low# Kenya Inflation Declines to 3.8% in May
