2018 year inflation on target

2018 Year End Inflation Hits Target

Dec 28, 2018

Inflation ticked higher by 0.1% in December printing at 7.9% within Bank of Zambia's corridor of 6-8% despite ongoing currency weakness justifying last month's rate decision.


The large increase in inflation from January is primarily due to food inflation that moved the dial from 4.8% to 8.1%, while non-food inflation remained broadly flat at 7.5%.

2018 has seen both large fuel and electricity hikes work their way through the economy as well as a wobble in the Kwacha in the final quarter that saw it lose 19% versus the USD.