Zambia’s annual inflation rate for July 2025 slowed to 13.0 percent, down from 14.1 percent recorded in June, according to the latest figures released by the Zambia Statistics Agency (ZamStats).
The agency attributed the decline primarily to a reduction in both food and non-food prices, signaling a possible easing of cost pressures on households and businesses.
“The slowdown in the annual inflation rate is largely due to price decreases in selected food items such as cereals, vegetables, and meats, as well as non-food items including household goods and fuel,” said ZamStats Interim Statistician-General, Ms. Leah Ngulube, during a monthly briefing in Lusaka.
Food Inflation Falls
Food inflation, which accounts for a significant portion of Zambia’s Consumer Price Index (CPI), dropped from 15.7 percent in June to 14.3 percent in July. Key drivers included falling prices of maize meal, fresh vegetables, fish, and cooking oil—staples for many Zambian households.
Ngulube noted that the improved food supply, aided by seasonal harvests and stabilized transport costs, contributed to the decline.
Non-Food Inflation Also Eases
The non-food inflation rate declined to 11.3 percent in July from 12.1 percent in June, with the largest contributions coming from price reductions in clothing and footwear, fuel, charcoal, and certain construction materials.
Economists say the deceleration may provide room for the Bank of Zambia to maintain or adjust monetary policy as it balances inflation control with economic growth.
Month-on-Month Inflation
Month-on-month inflation also slowed to 0.6 percent in July, compared to 1.1 percent in June, suggesting a cooling trend in price increases across the board.
Outlook
While the downward trend is welcomed by consumers, analysts caution that external risks such as global fuel price volatility, exchange rate fluctuations, and potential climate impacts on agriculture could still influence inflation in the coming months.
ZamStats will continue to monitor price movements as part of its mandate to provide timely and accurate economic data to inform policy and investment decisions.
Source: Zamstats
That’s unforgivable stats .How can Zambians make headway economically when you’re losing 15% of your buying power ?
More Kalingalingas.Chibolyas ,Misisi and other slums will definitely come with that .
Kalingalinga is now just like Kabulonga, an upper class residential area. I frequent the place from the Samora machel vet school where I’m studying
Figures and graphs are only relevant to a miniscule % of the population
Our barometer is our stomachs, daily lives and living conditions
And we say things are not good This GRZ is no better than past ones
Jokers
How does annual inflation rate fall before the end of the year?
LT is now full of complainers, no wonder people left the site.
Who will want to be among complainers and why would you
spent all your life complaining when others are finding gold and
even making more money in the same country while you stay complaining
You may be right but there is certainly not much reward honesty good morals and hard work in Zambia
Men in suits, men with degrees, men in power of authority etc