FX.co ★ Zambia’s Annual Inflation Cools to 7.5% in February, Easing from 9.4%

Zambia’s consumer price inflation slowed sharply in February 2026, with the year-over-year Consumer Price Index (CPI) easing to 7.5%, down from 9.4% recorded in January 2026. The latest data, updated on 25 February 2026, indicates a notable deceleration in price growth compared with the same month a year earlier.

Both the current and previous readings are based on year-over-year comparisons, measuring how prices in a given month stack up against the same month of the prior year. In January, inflation was running at 9.4% versus January of the previous year, while February’s 7.5% figure reflects a slower pace of price increases compared with February a year ago.

The moderation in annual CPI suggests that inflationary pressures in Zambia are easing, which could influence expectations around consumer purchasing power, business planning, and future monetary policy decisions. Investors and policymakers will be watching upcoming releases closely to see whether February’s decline marks the start of a sustained disinflation trend or a temporary reprieve.