FX.co ★ Zambia Inflation Rate Softens to Near 1-Year Low

In May 2025, Zambia experienced a decline in its annual inflation rate, reaching a nearly one-year low of 15.3%, down from 16.5% noted in the preceding two months. Food inflation saw its third consecutive month of decline, dropping to 17.9% from April's 18.7%, largely due to favorable rainfall which contributed to reduced prices for cornmeal and vegetables. Similarly, non-food inflation decreased to 11.6% from 13.4%. On a month-to-month scale, consumer prices increased by 0.3% in May, a slowdown from the prior month's 1% rise.