FX.co ★ Zambia Inflation Rate Falls for 1st Time since 2023

In March 2025, Zambia witnessed its annual inflation rate decrease to 16.5%, down from 16.8% in February, marking the most significant level since November 2021. This decline represents the first instance of reduced inflation since June 2023, attributed primarily to favorable weather conditions that led to a more moderate rise in food prices (18.9% compared to 20.6% in the previous month). However, non-food inflation experienced an uptick, increasing from 11.7% in February to 13.2%. Month-over-month, consumer prices saw a rise of 1%, a slowdown from the 2.4% surge recorded in the prior month.