FX.co ★ Zambia’s Monthly Inflation Doubles in September, CPI Rises 0.4% MoM

Zambia’s consumer price momentum accelerated in September 2026, with the month‑over‑month Consumer Price Index (CPI) increasing by 0.4%, up from 0.2% in August 2026. The latest data, updated on 24 September 2026, show that price pressures strengthened compared with the previous month.

On a month‑over‑month basis, the “actual” reading for September reflects how prices changed relative to August, while the “previous” 0.2% figure shows how prices in August compared with July. The doubling of the monthly rate suggests a pickup in short‑term inflation dynamics, which will be closely watched by markets and policymakers for indications of whether price pressures are becoming more persistent.