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28.05.202610:01:51UTC+00Zambia Inflation Rate Cools Down for 5th Month

Zambia’s annual inflation rate eased to 6.6% in May 2026 from 6.8% in April, the lowest level since February 2018 and the fifth consecutive monthly decline. The moderation was supported by a stronger kwacha, underpinned by higher copper prices and an abundant corn harvest, which helped offset inflationary pressures stemming from the conflict in the Middle East.

Food inflation slowed to 6.9% in May from 7.3% in the previous month, while non-food inflation inched up to 6.1% from 6.0%. On a monthly basis, the consumer price index (CPI) increased by 0.2%, following a 0.7% rise in April.

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