The Consumer Price Index (CPI) in Zambia has experienced a minor decline, dipping from 0.9% in August to 0.8% in September 2024, according to the latest data updated on September 26, 2024. This marks a slight change in the month-over-month analysis, reflecting a slowdown in the pace of price increases for goods and services over the last month.
In August 2024, the CPI had halted at a 0.9% increase compared to July, but this growth has tempered to 0.8% in September. The month-over-month comparison shows a continuous monitoring of inflationary pressures, offering insights into the shifting economic landscape within Zambia.
This recent update may signal a stabilizing trend, as the country continues to navigate through economic challenges and policy responses to moderate inflation. Economists and policymakers will be closely observing upcoming CPI releases to determine whether this downward adjustment hints at a longer-term trajectory or a short-term fluctuation.
