FX.co ★ Zambia's CPI Shows Signs of Relief as Inflation Eases in January

Zambia's economic landscape is witnessing a significant shift as the Consumer Price Index (CPI) reveals a downward trend in inflation. According to the latest data updated on 28 January 2026, Zambia’s CPI for January has declined to 9.4%, marking a notable decrease from the 11.2% figure recorded last December.

This year-over-year comparison indicates a refreshing sign of economic stabilization in Zambia, as the CPI for January 2026 is significantly lower compared to the same month last year. The previous CPI figure for December 2025, when assessed against the same month in the previous year, stood higher, showing that the latest data signals a tempering of inflationary pressures.

Observers and economists may find this development encouraging, suggesting that the implemented economic policies are taking effect to bring forth price stability. This decline in CPI not only reflects the improved purchasing power of the Zambian kwacha but also holds the promise of reducing the cost of living for residents in the forthcoming months.