Zambia’s annual inflation holds steady at 6.5% in July

ZAMBIA’s annual inflation rate remained unchanged at 6.5% in July 2026, the same level recorded in June, the Zambia Statistics Agency has said.

Speaking during the monthly inflation briefing in Lusaka, ZAMSTAT Statistician General Sheila Mudenda said the July rate means that, on average, the prices of goods and services increased by 6.5% between July 2025 and July 2026.

Mudenda said annual food inflation eased to 6.4% in July from 6.7% in June. The slowdown was mainly attributed to price movements in cereals, fresh milk, sugar, cooking oil and eggs.

She said the drop reflected average increases in the prices of food items such as breakfast mealie meal, roller mealie meal, maize grain, local rice, plain household wheat flour, fresh milk, sugar, cooking oil and eggs over the past 12 months.

However, annual non-food inflation rose to 6.7% in July from 6.0% in June.