https://newsletter.po.creamermedia.com
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

Zambia inflation slows to 11-month low as food prices ease


Close

Embed Video

Zambia inflation slows to 11-month low as food prices ease

Zambian flag

29th May 2025

By: Bloomberg

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

Zambia’s annual inflation eased to an 11-month low in May as improved rains helped cool food price rises of corn grain and vegetables.

Consumer prices rose 15.3% compared with 16.5% in April, Chief Statistician Chola Daka told reporters on Thursday in Lusaka, the capital.

Advertisement

The southern African nation is recovering from its worst drought in more than a 100 years. Corn output is expected to more than double to a record 3.66-million tons in 2025 from a year earlier, helping to ease pressure on food prices.

Food inflation, which began decelerating for the first time in more than a year in March, slowed to 17.9% in May compared with 18.7% a month earlier.

Advertisement

Prices for a 25 kilogram bag of breakfast corn meal, used to make Zambia’s staple food, nshima, a thick porridge that’s eaten at most meals, fell 4% to 344.41 kwacha ($13) in May from a month earlier. Food and nonalcoholic beverages account for more than half of the country’s inflation basket. Non-food inflation slowed to 11.6% from 13.4% in April, in part due to a drop in the prices of diesel and gasoline. Prices rose 0.3% in the month.

The Bank of Zambia last week held its key interest rate at 14.5%, citing its forecast that inflation will continue to moderate.

Finance Minister Situmbeko Musokotwane said earlier this week that inflation may return to single digits this year.

“I think we’ll see inflation quickly dropping,” he said. “This has been a very positive year and this will play itself out in the rest of the year.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za