Zambia’s Annual Inflation Eases to 11.9% in October as Food and Non-Food Prices Slow

Zambia’s annual inflation rate slowed to 11.9% in October 2025, down from 12.3% in September, according to the latest data from the Zambia Statistics Agency (ZamStats). This means that, on average, prices of goods and services increased by 11.9% between October 2024 and October 2025.

The decline in inflation was driven by lower price movements in both food and non-food items, marking continued easing from the highs recorded earlier in the year.

Food and Non-Food Inflation Continue to Fall

Annual food inflation dropped to 14.1% from 14.6% in September. The slowdown was linked to moderating prices of key food items such as cereals (including mealie meal and maize grain), various types of fish, chicken products and offals.

Non-food inflation also decreased, falling to 8.7% in October from 9.0% in September. This decline was mainly attributed to reduced price increases in glassware and household utensils, non-durable household goods like candles and brooms, hairdressing services, and motor vehicle purchases.

Inflation by Main Consumer Price Index Groups

Key CPI groups recorded slower annual price increases compared to September:

• Food & Non-Alcoholic Beverages: Up 14.1%, down from 14.6% in September.
• Alcoholic Beverages & Tobacco: Rose 9.5%, down from 10.2% in September.
• Clothing & Footwear: Increased 7.9%, down from 8.4% the previous month.
• Housing, Water, Electricity, Gas & Other Fuels: Increased 17.1%, slightly lower than 17.3% in September but higher compared to October 2024.

Continued Trend of Easing Inflation

The October outturn continues the downward trend observed over recent months, supported by adjustments in food supply conditions and moderated non-food price pressures. Overall, the latest figures suggest improving price stability after a period of elevated inflation through the end of 2024 and early 2025.

ZamStats says it will continue monitoring price developments as economic conditions evolve.